Fiserv, Inc. (NYSE:FI) Receives $231.88 Average Price Target from Analysts

Fiserv, Inc. (NYSE:FI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $230.00.

Several analysts have weighed in on FI shares. Redburn Atlantic reissued a "sell" rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on Fiserv from $260.00 to $240.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th.

Fiserv Stock Down 0.3 %

Shares of FI stock traded down $0.64 during trading hours on Tuesday, reaching $184.65. 3,470,725 shares of the company's stock were exchanged, compared to its average volume of 2,811,873. Fiserv has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The stock's 50 day moving average is $213.93 and its 200-day moving average is $211.84. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $103.14 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS. Analysts predict that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently modified their holdings of FI. Geode Capital Management LLC increased its holdings in shares of Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after buying an additional 218,833 shares during the last quarter. FMR LLC grew its position in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after acquiring an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC raised its position in Fiserv by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after purchasing an additional 340,938 shares during the period. Finally, Norges Bank acquired a new position in shares of Fiserv in the 4th quarter valued at $1,406,452,000. 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.