Fiserv (NYSE:FI) Upgraded by Wells Fargo & Company to “Hold” Rating

Fiserv (NYSE:FI) was upgraded by equities researchers at Wells Fargo & Company to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group dropped their price objective on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a 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. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Susquehanna decreased their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.74.

Fiserv Trading Down 0.6%

Shares of FI stock opened at $125.31 on Wednesday. The business’s fifty day moving average price is $131.45 and its 200 day moving average price is $157.14. Fiserv has a 1-year low of $117.84 and a 1-year high of $238.59. The firm has a market capitalization of $68.12 billion, a PE ratio of 20.92, a P/E/G ratio of 0.84 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion for the quarter. As a group, sell-side analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FI. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Fiserv by 6.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider’s stock valued at $954,000 after buying an additional 249 shares during the period. Global Assets Advisory LLC purchased a new stake in Fiserv in the 1st quarter valued at about $503,000. Finally, Daymark Wealth Partners LLC grew its holdings in Fiserv by 26.9% in the 1st quarter. Daymark Wealth Partners LLC now owns 2,007 shares of the business services provider’s stock valued at $443,000 after buying an additional 426 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.