Fiserv (NYSE:FI) Price Target Increased to $160.00 by Analysts at Jefferies Financial Group

Fiserv (NYSE:FI) had its target price lifted by Jefferies Financial Group from $150.00 to $160.00 in a report published on Monday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. Mizuho raised their price objective on Fiserv from $150.00 to $156.00 and gave the company a buy rating in a report on Thursday, January 18th. Royal Bank of Canada raised their price objective on Fiserv from $144.00 to $158.00 and gave the company an outperform rating in a report on Wednesday, February 7th. BNP Paribas raised Fiserv from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. BMO Capital Markets lifted their price target on Fiserv from $152.00 to $157.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Finally, Stephens lifted their price target on Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of Moderate Buy and an average price target of $155.83.

Fiserv Stock Performance

Shares of FI opened at $159.33 on Monday. The company has a market cap of $94.07 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $147.33 and a 200-day moving average price of $132.01. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.90.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. As a group, equities analysts forecast that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Fiserv in the third quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD bought a new stake in Fiserv in the fourth quarter worth $5,885,279,000. Dodge & Cox bought a new stake in Fiserv in the fourth quarter worth $4,631,675,000. Capital World Investors purchased a new position in shares of Fiserv in the fourth quarter worth $2,329,623,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Fiserv in the fourth quarter worth $960,592,000. 90.98% of the stock is currently owned by institutional investors.

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.