UBS Group Issues Pessimistic Forecast for Fiserv (NYSE:FI) Stock Price

Key Points

• UBS Group has revised its target price for Fiserv from $225.00 to $170.00, maintaining a "buy" rating on the stock, indicating a potential upside of 22.14% from its previous close.
• Other analysts have also lowered their price targets for Fiserv, with Citigroup setting it at $240.00 and Susquehanna at $220.00, reflecting a cautious outlook.
• Fiserv's stock has experienced fluctuations, with a current trading value of $139.19 and a fifty-two week range between $128.22 and $238.59.
• Insider trading activity showed significant sales, with executives reducing their holdings in the company recently, indicating potential concerns about future performance.

Fiserv (NYSE:FI - Get Free Report) had its price target dropped by stock analysts at UBS Group from $225.00 to $170.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. UBS Group's price target indicates a potential upside of 19.72% from the stock's current price.

Several other equities analysts have also recently issued reports on the stock. Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday. Redburn Atlantic restated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Barclays lowered their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Tigress Financial upped their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price of $210.54.

Fiserv Stock Up 1.4%

NYSE:FI traded up $1.92 on Friday, reaching $142.00. 7,781,444 shares of the stock traded hands, compared to its average volume of 5,455,337. The company has a market capitalization of $78.73 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 0.87 and a beta of 0.91. 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's fifty day simple moving average is $165.03 and its 200 day simple moving average is $194.87.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. Equities analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

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 that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FI. Brighton Jones LLC lifted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Congress Wealth Management LLC DE increased its holdings in shares of Fiserv by 6.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,706 shares of the business services provider's stock worth $761,000 after purchasing an additional 235 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $214,000. Financial Counselors Inc. increased its holdings in shares of Fiserv by 4.1% in the fourth quarter. Financial Counselors Inc. now owns 2,896 shares of the business services provider's stock worth $595,000 after purchasing an additional 113 shares during the last quarter. Finally, NEOS Investment Management LLC increased its holdings in shares of Fiserv by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 36,294 shares of the business services provider's stock worth $7,456,000 after purchasing an additional 8,711 shares during the last quarter. 90.98% of the stock is 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.