TD Cowen Lowers Fiserv (NYSE:FI) Price Target to $177.00

Fiserv (NYSE:FI) had its price objective reduced by analysts at TD Cowen from $188.00 to $177.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price target would indicate a potential upside of 45.35% from the company’s previous close.

Several other research firms have also recently weighed in on FI. The Goldman Sachs Group lowered their price objective on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Susquehanna decreased their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Mizuho decreased their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Finally, Barclays set a $175.00 target price on Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.11.

Fiserv Price Performance

NYSE FI opened at $121.78 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv has a 1 year low of $117.84 and a 1 year high of $238.59. The company has a market cap of $66.20 billion, a PE ratio of 20.33, a PEG ratio of 0.79 and a beta of 0.95. The stock’s 50-day moving average price is $131.92 and its two-hundred day moving average price is $158.51.

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

Institutional Trading of Fiserv

Institutional investors have recently bought and sold shares of the company. Sowell Financial Services LLC boosted its position in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Kathmere Capital Management LLC boosted its position in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 106 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after purchasing an additional 3,097 shares during the last quarter. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in Fiserv during the second quarter valued at $1,034,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.