The Goldman Sachs Group Cuts Fiserv (NYSE:FI) Price Target to $149.00

Fiserv (NYSE:FI) had its target price lowered by The Goldman Sachs Group from $192.00 to $149.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other equities analysts have also issued reports on the company. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Jefferies Financial Group cut their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.73.

Fiserv Price Performance

FI opened at $120.83 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $65.68 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company’s 50 day simple moving average is $132.44 and its 200-day simple moving average is $160.38. Fiserv has a one year low of $120.79 and a one year high of $238.59.

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

Institutional Trading of Fiserv

Several hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management grew 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 acquiring an additional 126 shares during the period. Abound Financial LLC acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $38,000. Hager Investment Management Services LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Clear Street LLC bought a new stake in Fiserv during the 2nd quarter worth approximately $34,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds 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.