Fiserv (NYSE:FI) Downgraded by TD Cowen to “Hold”

TD Cowen downgraded shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a research report sent to investors on Thursday, MarketBeat.com reports. The firm currently has $80.00 price target on the business services provider’s stock.

Other analysts have also issued research reports about the company. BTIG Research reiterated a “buy” rating and set a $180.00 price objective on shares of Fiserv in a report on Wednesday. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $205.00 to $80.00 in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Truist Financial set a $143.00 price objective on Fiserv and gave the company a “buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.95.

Fiserv Stock Down 8.0%

Fiserv stock opened at $64.96 on Thursday. The business has a fifty day moving average of $127.66 and a two-hundred day moving average of $152.79. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $35.31 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.56 and a beta of 0.95. Fiserv has a twelve month low of $64.52 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. On average, analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FI. Sound Income Strategies LLC acquired a new stake in Fiserv during the 3rd quarter worth about $28,000. Activest Wealth Management grew its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. True Wealth Design LLC grew its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the period. Hager Investment Management Services LLC acquired a new stake in Fiserv during the 2nd quarter worth about $34,000. Finally, Clear Street LLC acquired a new stake in Fiserv during the 2nd quarter worth about $34,000. 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.