Citigroup Lowers Fiserv (NYSE:FI) Price Target to $75.00

Fiserv (NYSE:FI) had its target price reduced by stock analysts at Citigroup from $128.00 to $75.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price would indicate a potential upside of 12.67% from the stock’s previous close.

Several other research firms have also issued reports on FI. Argus reissued a “hold” rating on shares of Fiserv in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a report on Thursday, October 16th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday. Mizuho set a $145.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Eleven equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $131.95.

Fiserv Stock Up 2.1%

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. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.95. The business’s fifty day moving average price is $126.20 and its two-hundred day moving average price is $151.77. Fiserv has a fifty-two week low of $64.52 and a fifty-two week high of $238.59.

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

Institutional Trading of Fiserv

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after purchasing an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $1,722,584,000. Finally, Norges Bank acquired a new stake in shares of Fiserv during the second quarter valued at about $1,252,260,000. 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.