Jefferies Financial Group Increases Fiserv (NYSE:FI) Price Target to $200.00

Fiserv (NYSE:FI) had its price target upped by investment analysts at Jefferies Financial Group from $195.00 to $200.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price target indicates a potential downside of 1.17% from the stock’s previous close.

A number of other research firms have also recently weighed in on FI. TD Cowen boosted their target price on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.92.

Fiserv Price Performance

FI stock opened at $202.36 on Tuesday. The company’s 50-day moving average price is $179.29 and its two-hundred day moving average price is $162.09. The firm has a market cap of $118.40 billion, a P/E ratio of 37.82, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $111.53 and a 12 month high of $203.00.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share. On average, analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waypoint Capital Advisors LLC increased its holdings in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after acquiring an additional 66 shares during the period. Quent Capital LLC boosted its holdings in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the period. Finally, Fielder Capital Group LLC grew its position in shares of Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other 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.