Keefe, Bruyette & Woods Cuts Fiserv (NYSE:FI) Price Target to $92.00

Fiserv (NYSE:FI) had its price objective cut by Keefe, Bruyette & Woods from $170.00 to $92.00 in a report published on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research note on Thursday, October 16th. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $79.00 in a research note on Thursday. Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a research note on Thursday. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Mizuho set a $145.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.95.

Fiserv Price Performance

FI stock opened at $66.57 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv has a one year low of $64.52 and a one year high of $238.59. The stock has a market cap of $36.19 billion, a PE ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 0.95. The firm has a 50 day simple moving average of $126.20 and a two-hundred day simple moving average of $151.35.

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

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in Fiserv by 3,150.0% in 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 in the last quarter. Abound Financial LLC bought a new position in Fiserv in the 1st quarter worth $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the 2nd quarter worth $34,000. Clear Street LLC bought a new position in Fiserv in the 2nd quarter worth $34,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Company Profile

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.