Citigroup Upgrades Fiserv (NYSE:FI) to “Hold”

Fiserv (NYSE:FI) was upgraded by investment analysts at Citigroup to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. TD Cowen decreased their price target on shares of Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Finally, Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Stock Up 0.9%

Shares of NYSE:FI opened at $125.12 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv has a 52-week low of $117.84 and a 52-week high of $238.59. The company has a 50 day moving average of $131.01 and a two-hundred day moving average of $156.15. The company has a market capitalization of $68.01 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (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. As a group, analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Several large investors have recently added to or reduced their stakes in FI. Sound Income Strategies LLC bought a new position in Fiserv during the third quarter worth $28,000. Activest Wealth Management lifted its stake in 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 during the last quarter. True Wealth Design LLC lifted its stake in 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 during the last quarter. Hager Investment Management Services LLC bought a new stake in Fiserv in the second quarter valued at $34,000. Finally, Clear Street LLC bought a new stake in Fiserv in the second quarter valued at $34,000. 90.98% of the stock is currently owned by institutional investors.

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.