Fiserv (NYSE:FI) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Fiserv (NYSE:FI) from a hold rating to a buy rating in a research note released on Saturday morning.

Other research analysts also recently issued reports about the company. Mizuho reduced their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. UBS Group reduced their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.36.

Fiserv Stock Down 1.1%

FI stock opened at $130.37 on Friday. 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 business has a 50 day moving average price of $139.86 and a two-hundred day moving average price of $170.39. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 0.86 and a beta of 0.94. Fiserv has a twelve month low of $128.22 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv will post 10.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new position in Fiserv in the 4th quarter valued at $28,000. Activest Wealth Management raised its holdings in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv in the 2nd quarter valued at $34,000. Clear Street LLC acquired a new position in Fiserv in the 2nd quarter valued at $34,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring 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.