Fiserv’s (FI) Hold Rating Reiterated at Argus

Argus reissued their hold rating on shares of Fiserv (NYSE:FI) in a research note released on Thursday, Marketbeat reports.

Other research analysts also recently issued research reports about the company. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a report on Wednesday. Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective on the stock. in a report on Thursday. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group dropped their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.95.

Fiserv Trading Up 2.1%

FI opened at $66.57 on Thursday. Fiserv has a one year low of $64.52 and a one year high of $238.59. The company has a market cap of $36.19 billion, a P/E ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The business’s 50-day simple moving average is $126.20 and its 200-day simple moving average is $151.35.

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

Institutional Trading of Fiserv

A number of hedge funds have recently added to or reduced their stakes in the stock. E Fund Management Co. Ltd. lifted its position in Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the period. SBI Securities Co. Ltd. lifted its position in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares during the period. Pinnacle Associates Ltd. lifted its position in Fiserv by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after acquiring an additional 57 shares during the period. LaSalle St. Investment Advisors LLC lifted its position in Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares during the period. Finally, SageView Advisory Group LLC lifted its position in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the period. 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.