Fiserv (NYSE:FI) Rating Lowered to “Neutral” at BTIG Research

Fiserv (NYSE:FI) was downgraded by equities researchers at BTIG Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.

Other equities research analysts have also issued reports about the company. Stephens decreased their price target on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. The Goldman Sachs Group decreased their price target on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.95.

Fiserv Trading Down 8.0%

FI stock opened at $64.96 on Wednesday. Fiserv has a 1-year low of $64.52 and a 1-year high of $238.59. The firm has a market cap of $35.31 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.56 and a beta of 0.95. The business’s 50 day moving average is $127.66 and its 200-day moving average is $152.79. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Equities analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently bought and sold shares of FI. Sound Income Strategies LLC acquired a new stake in Fiserv during the third quarter worth approximately $28,000. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. True Wealth Design LLC raised its position in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter valued at approximately $34,000. Finally, Clear Street LLC acquired a new stake in shares of Fiserv in the second quarter valued at approximately $34,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.