Fiserv (NYSE:FI) Price Target Lowered to $165.00 at Jefferies Financial Group

Fiserv (NYSE:FI) had its price objective decreased by Jefferies Financial Group from $180.00 to $165.00 in a research report report published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

Several other analysts have also issued reports on FI. Wall Street Zen initiated coverage on Fiserv in a report on Sunday, March 23rd. They set a “buy” rating for the company. Mizuho set a $200.00 price objective on Fiserv in a report on Thursday, May 15th. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a report on Monday, May 19th. Finally, UBS Group cut their target price on Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.80.

Fiserv Stock Performance

Shares of Fiserv stock opened at $159.94 on Tuesday. The stock has a market cap of $88.68 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The business has a fifty day simple moving average of $194.74 and a 200-day simple moving average of $208.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv has a 12 month low of $146.25 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the firm posted $1.88 earnings per share. Fiserv’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Fiserv

Institutional investors have recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new stake in Fiserv during the fourth quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth about $28,000. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Finally, Activest Wealth Management grew its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.