Fiserv (NYSE:FI) Given New $195.00 Price Target at Jefferies Financial Group

Fiserv (NYSE:FI) had its target price lifted by research analysts at Jefferies Financial Group from $160.00 to $195.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 0.37% from the company’s current price.

Other analysts have also recently issued reports about the company. KeyCorp raised their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and set a $183.00 target price on shares of Fiserv in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Citigroup raised shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.38.

Fiserv Stock Performance

Shares of FI stock opened at $195.73 on Wednesday. The company has a market capitalization of $114.52 billion, a P/E ratio of 36.59, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $176.34 and a two-hundred day moving average price of $160.90.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. Analysts expect that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock valued at $32,855,417 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $25,000. Clean Yield Group boosted its position in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Finally, Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors 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.