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

Fiserv (NYSE:FI - Free Report) had its target price trimmed by UBS Group from $255.00 to $225.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the business services provider's stock.

A number of other equities research analysts have also recently commented on FI. Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. Wells Fargo & Company raised their price objective on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Jefferies Financial Group decreased their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.84.

Fiserv Stock Performance

NYSE:FI traded up $2.78 during trading hours on Wednesday, reaching $162.40. The company had a trading volume of 11,957,533 shares, compared to its average volume of 3,177,229. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv has a 1-year low of $146.25 and a 1-year high of $238.59. The business's 50 day moving average price is $192.34 and its 200-day moving average price is $207.55. The firm has a market cap of $90.04 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last posted 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 firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 EPS. Research analysts forecast that Fiserv will post 10.23 EPS for the current year.

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

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction 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 transaction, the executive vice president now owns 25,385 shares of the company's stock, 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 insiders.

Hedge Funds Weigh In On Fiserv

Several large investors have recently made changes to their positions in FI. Root Financial Partners LLC acquired a new position in Fiserv during the fourth quarter worth $257,000. Principal Financial Group Inc. boosted its holdings in Fiserv by 0.8% during the 4th quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock valued at $190,875,000 after acquiring an additional 7,183 shares during the period. USAdvisors Wealth Management LLC acquired a new position in Fiserv in the 4th quarter valued at about $322,000. Centricity Wealth Management LLC purchased a new stake in Fiserv during the fourth quarter worth about $79,000. Finally, E. Ohman J or Asset Management AB lifted its position in shares of Fiserv by 9.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 26,100 shares of the business services provider's stock worth $5,361,000 after purchasing an additional 2,150 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.