Fiserv (NYSE:FI) Given New $165.00 Price Target at Jefferies Financial Group

Fiserv (NYSE:FI - Get Free Report) had its price objective dropped by analysts at Jefferies Financial Group from $180.00 to $165.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 1.60% from the stock's current price.

Other analysts have also issued research reports about the stock. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. 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 research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, BMO Capital Markets lowered their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $221.84.

Fiserv Trading Up 1.7%

NYSE FI traded up $2.78 during mid-day trading on Tuesday, hitting $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,177,096. Fiserv has a 52-week low of $146.25 and a 52-week high of $238.59. The stock's fifty day simple moving average is $191.13 and its two-hundred day simple moving average is $207.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $90.04 billion, a P/E 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 quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. Research analysts expect that Fiserv will post 10.23 EPS for the current year.

Fiserv declared that its board has approved a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 corporate insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds and other institutional investors have recently modified their holdings of FI. Vega Investment Solutions acquired a new stake in Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth $28,000. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $29,000. Finally, Activest Wealth Management raised its position in Fiserv by 3,150.0% in 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 during the last quarter. Institutional investors and hedge funds 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.