JPMorgan Chase & Co. Lowers Fiserv (NYSE:FI) Price Target to $155.00

Fiserv (NYSE:FI) had its price target cut by analysts at JPMorgan Chase & Co. from $190.00 to $155.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.89% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on FI. Morgan Stanley decreased their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Jefferies Financial Group decreased their price objective on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Citigroup initiated coverage on shares of Fiserv in a report on Wednesday. They issued a “neutral” rating and a $128.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $181.89.

Fiserv Price Performance

Shares of NYSE:FI opened at $125.12 on Thursday. Fiserv has a 12-month low of $117.84 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $68.01 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The company’s fifty day moving average is $131.01 and its two-hundred day moving average is $156.15.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion for the quarter. Equities analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently made changes to their positions in the stock. E Fund Management Co. Ltd. boosted its position in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after buying an additional 56 shares during the period. SBI Securities Co. Ltd. grew its holdings in Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares during the period. Pinnacle Associates Ltd. grew its holdings in Fiserv by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after purchasing an additional 57 shares during the period. Finally, PDS Planning Inc grew its holdings in Fiserv by 1.7% in the first quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock worth $755,000 after purchasing an additional 58 shares during the period. Institutional investors own 90.98% of the company’s stock.

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.