Fiserv’s (FI) Peer Perform Rating Reaffirmed at Wolfe Research

Wolfe Research restated their peer perform rating on shares of Fiserv (NYSE:FI) in a research note issued to investors on Wednesday morning, MarketBeat.com reports.

A number of other analysts have also recently issued reports on the company. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group reduced their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $175.57.

Fiserv Stock Down 44.0%

Shares of NYSE:FI opened at $70.68 on Wednesday. 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 has a 1 year low of $66.58 and a 1 year high of $238.59. The stock has a market capitalization of $38.42 billion, a P/E ratio of 11.80, a PEG ratio of 0.84 and a beta of 0.95. The stock has a 50-day simple moving average of $129.16 and a 200-day simple moving average of $153.40.

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

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently made changes to their positions in the business. Boomfish Wealth Group LLC raised its position in shares of Fiserv by 764.4% in the 3rd quarter. Boomfish Wealth Group LLC now owns 10,381 shares of the business services provider’s stock valued at $1,338,000 after purchasing an additional 9,180 shares in the last quarter. Middleton & Co. Inc. MA raised its position in shares of Fiserv by 12.6% in the 3rd quarter. Middleton & Co. Inc. MA now owns 52,893 shares of the business services provider’s stock valued at $6,819,000 after purchasing an additional 5,909 shares in the last quarter. Mill Capital Management LLC raised its position in shares of Fiserv by 11.3% during the 3rd quarter. Mill Capital Management LLC now owns 151,351 shares of the business services provider’s stock valued at $19,514,000 after acquiring an additional 15,358 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at approximately $293,000. Finally, Inscription Capital LLC raised its position in shares of Fiserv by 137.6% during the 3rd quarter. Inscription Capital LLC now owns 4,327 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 2,506 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.