Fiserv, Inc. (NYSE:FI) Receives $207.36 Average Price Target from Brokerages

Fiserv, Inc. (NYSE:FI) has received an average recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, twenty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $205.96.

Several analysts recently weighed in on FI shares. Mizuho cut their price target on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 29th. Jefferies Financial Group cut their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday. Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Finally, UBS Group lowered their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th.

Fiserv Stock Down 0.4%

Shares of Fiserv stock opened at $125.63 on Friday. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 0.82 and a beta of 0.95. The company’s 50 day moving average price is $134.88 and its 200-day moving average price is $166.29. Fiserv has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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

Hedge Funds Weigh In On Fiserv

Several institutional investors and hedge funds have recently added to or reduced their stakes in FI. Park Square Financial Group LLC purchased a new position in Fiserv during the fourth quarter valued at $28,000. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during 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 period. Hager Investment Management Services LLC purchased a new position in Fiserv during the second quarter valued at $34,000. Clear Street LLC purchased a new position in Fiserv during the second quarter valued at $34,000. Finally, Christopher J. Hasenberg Inc lifted its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors 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.