Fiserv (NYSE:FI) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a research report released on Thursday, MarketBeat reports.

FI has been the subject of several other reports. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Truist Financial boosted their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, Jefferies Financial Group reduced their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.11.

Fiserv Price Performance

Fiserv stock opened at $121.78 on Thursday. Fiserv has a 52 week low of $117.84 and a 52 week high of $238.59. The company’s 50 day moving average price is $131.92 and its two-hundred day moving average price is $158.51. The stock has a market cap of $66.20 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. On average, equities analysts predict that Fiserv will post 10.23 earnings per share for the current year.

Institutional Trading of Fiserv

Institutional investors have recently modified their holdings of the business. Activest Wealth Management raised its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Abound Financial LLC bought a new position in shares of Fiserv in the first quarter worth $38,000. Hager Investment Management Services LLC purchased a new position in shares of Fiserv in the second quarter valued at $34,000. Clear Street LLC bought a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.