Fiserv (NYSE:FI) Cut to “Equal Weight” at Stephens

Stephens cut shares of Fiserv (NYSE:FI) from an overweight rating to an equal weight rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. Stephens currently has $80.00 price objective on the business services provider’s stock.

A number of other brokerages also recently commented on FI. KeyCorp reiterated an “overweight” rating and set a $145.00 price objective on shares of Fiserv in a research report on Wednesday, October 22nd. TD Cowen cut their price objective on Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research report on Thursday, October 16th. Finally, B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $131.95.

Fiserv Trading Up 2.1%

Shares of FI stock opened at $66.57 on Thursday. The stock has a 50-day simple moving average of $126.20 and a 200 day simple moving average of $151.35. Fiserv has a fifty-two week low of $64.52 and a fifty-two week high of $238.59. The stock 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 company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. On average, sell-side analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Trading of Fiserv

A number of hedge funds have recently modified their holdings of the business. E Fund Management Co. Ltd. lifted its holdings in shares of Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 56 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Fiserv by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after purchasing an additional 57 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its holdings in shares of Fiserv by 5.1% during the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC raised its holdings in shares of Fiserv by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors 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.