Robert W. Baird Issues Pessimistic Forecast for Fiserv (NYSE:FI) Stock Price

Fiserv (NYSE:FI - Free Report) had its target price cut by Robert W. Baird from $225.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the business services provider's stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group decreased 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. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Jefferies Financial Group lowered their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and an average price target of $209.59.

Fiserv Price Performance

NYSE:FI traded up $1.92 during midday trading on Thursday, hitting $142.00. 7,781,444 shares of the stock were exchanged, compared to its average volume of 5,455,337. Fiserv has a one year low of $128.22 and a one year high of $238.59. The company has a market capitalization of $78.73 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 0.86 and a beta of 0.91. The business has a 50-day moving average price of $165.03 and a two-hundred day moving average price of $194.95. 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for 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%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. Sell-side analysts predict that Fiserv will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider owned 53,385 shares in the company, 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. 0.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vega Investment Solutions bought a new stake in Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter worth about $28,000. Activest Wealth Management grew its stake in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Fiserv during the second quarter worth about $34,000. Finally, Christopher J. Hasenberg Inc grew its stake in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after buying an additional 142 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

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.