Fiserv (NYSE:FI) Price Target Cut to $200.00 by Analysts at Keefe, Bruyette & Woods

Fiserv (NYSE:FI - Get Free Report) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $240.00 to $200.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the business services provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 21.22% from the company's previous close.

Several other equities analysts have also recently weighed in on FI. StockNews.com assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. Redburn Atlantic restated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. UBS Group dropped 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. Finally, Morgan Stanley restated an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $224.20.

Fiserv Price Performance

Fiserv stock traded down $0.88 during midday trading on Wednesday, hitting $164.99. The company's stock had a trading volume of 1,221,392 shares, compared to its average volume of 3,762,111. Fiserv has a 12 month low of $146.25 and a 12 month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $91.47 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The stock's 50-day moving average price is $200.54 and its 200-day moving average price is $209.88.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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 analyst estimates of $4.86 billion. During the same period last year, the company posted $1.88 EPS. The company's revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently bought and sold shares of the company. Vega Investment Solutions bought a new position in Fiserv in the 4th quarter worth approximately $25,000. Activest Wealth Management raised its stake in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Fiserv in the 4th quarter valued at $28,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at about $29,000. 90.98% of the stock is currently owned by institutional investors.

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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