UBS Group Has Lowered Expectations for Fiserv (NYSE:FI) Stock Price

Fiserv (NYSE:FI) had its price objective lowered by equities researchers at UBS Group from $225.00 to $170.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 19.72% from the company’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a report on Friday, April 25th. KeyCorp dropped their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 target price on the stock. BMO Capital Markets dropped their price target on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.54.

Fiserv Stock Performance

Shares of FI opened at $142.00 on Friday. The business’s fifty day simple moving average is $165.03 and its two-hundred day simple moving average is $194.87. The company has a current ratio of 1.09, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. Fiserv has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $78.73 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 0.87 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the business posted $2.13 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Research analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider directly owned 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Congress Wealth Management LLC DE raised its holdings in shares of Fiserv by 6.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,706 shares of the business services provider’s stock worth $761,000 after acquiring an additional 235 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $214,000. Financial Counselors Inc. raised its stake in Fiserv by 4.1% during the fourth quarter. Financial Counselors Inc. now owns 2,896 shares of the business services provider’s stock valued at $595,000 after purchasing an additional 113 shares in the last quarter. Finally, NEOS Investment Management LLC raised its stake in Fiserv by 31.6% during the fourth quarter. NEOS Investment Management LLC now owns 36,294 shares of the business services provider’s stock valued at $7,456,000 after purchasing an additional 8,711 shares in the last quarter. 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.