Fiserv (NYSE:FI) Given New $225.00 Price Target at Robert W. Baird

Fiserv (NYSE:FI - Get Free Report) had its price objective decreased by equities researchers at Robert W. Baird from $250.00 to $225.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Robert W. Baird's target price would indicate a potential upside of 39.18% from the company's previous close.

A number of other brokerages have also recently commented on FI. The Goldman Sachs Group decreased their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Morgan Stanley reiterated an "overweight" rating and set a $268.00 price objective (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Truist Financial began coverage on shares of Fiserv in a report on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. UBS Group reduced their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Finally, Susquehanna lowered their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Trading Down 1.1%

Fiserv stock opened at $161.66 on Wednesday. The stock has a 50-day simple moving average of $179.98 and a 200 day simple moving average of $202.78. The stock has a market capitalization of $89.63 billion, a P/E ratio of 28.56, a PEG ratio of 1.02 and a beta of 0.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv has a 52 week low of $146.46 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 earnings per share. Analysts expect that Fiserv will post 10.23 earnings per share for the current year.

Fiserv announced that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 now directly owns 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm'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 transaction of $403,628.16. Following the sale, the insider now owns 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 disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Fiserv

Several large investors have recently added to or reduced their stakes in FI. Vega Investment Solutions purchased a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Finally, Campbell Capital Management Inc. bought a new position in Fiserv in the 4th quarter worth about $37,000. 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.

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