Fiserv (NYSE:FI) Upgraded by Wells Fargo & Company to “Hold” Rating

Fiserv (NYSE:FI) was upgraded by Wells Fargo & Company to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on FI. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Morgan Stanley reduced their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, TD Cowen reduced their price objective on Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.74.

Fiserv Price Performance

FI stock opened at $125.31 on Wednesday. The business has a 50 day moving average price of $131.45 and a 200 day moving average price of $157.14. The stock has a market cap of $68.12 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.84 and a beta of 0.95. Fiserv has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

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. The firm had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Equities research analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Fiserv by 0.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 129,997 shares of the business services provider’s stock valued at $16,761,000 after purchasing an additional 1,135 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Fiserv by 2.4% in the third quarter. Geneos Wealth Management Inc. now owns 61,866 shares of the business services provider’s stock valued at $7,976,000 after purchasing an additional 1,470 shares during the period. Community Trust & Investment Co. acquired a new position in shares of Fiserv in the third quarter valued at approximately $10,055,000. Bigelow Investment Advisors LLC increased its holdings in shares of Fiserv by 21.1% in the third quarter. Bigelow Investment Advisors LLC now owns 2,627 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 457 shares during the period. Finally, Greenspring Advisors LLC acquired a new position in shares of Fiserv in the third quarter valued at approximately $232,000. 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.