Fiserv (NYSE:FI) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn lowered shares of Fiserv (NYSE:FI) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a research report on Thursday. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday. Truist Financial downgraded Fiserv from a “buy” rating to a “hold” rating and cut their price objective for the company from $143.00 to $75.00 in a report on Thursday. Susquehanna cut their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $131.95.

Fiserv Price Performance

NYSE:FI opened at $66.57 on Wednesday. Fiserv has a 52 week low of $64.52 and a 52 week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $36.19 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 0.95. The stock’s fifty day moving average is $126.20 and its two-hundred day moving average is $151.77.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management grew its stake in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Abound Financial LLC acquired a new position in Fiserv during the 1st quarter worth $38,000. Hager Investment Management Services LLC acquired a new position in Fiserv during the 2nd quarter worth $34,000. Clear Street LLC acquired a new position in Fiserv during the 2nd quarter worth $34,000. Finally, Christopher J. Hasenberg Inc grew its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. 90.98% of the stock is 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.