UBS Group Cuts Fiserv (NYSE:FI) Price Target to $255.00

Fiserv (NYSE:FI - Free Report) had its price target reduced by UBS Group from $265.00 to $255.00 in a research report sent to investors on Friday morning, MarketBeat reports. UBS Group currently has a buy rating on the business services provider's stock.

FI has been the topic of a number of other reports. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Morgan Stanley increased their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Susquehanna decreased their price target on shares of Fiserv from $270.00 to $250.00 and set a "positive" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays raised their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $231.88.

Fiserv Stock Performance

Fiserv stock traded up $0.36 during trading hours on Friday, reaching $177.89. 4,924,611 shares of the stock were exchanged, compared to its average volume of 2,796,209. The stock has a market cap of $99.36 billion, a P/E ratio of 33.00, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv has a 52-week low of $146.25 and a 52-week high of $238.59. The firm's 50 day moving average is $216.08 and its 200 day moving average is $212.12.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.88 EPS. Analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vega Investment Solutions purchased a new position in Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv during the fourth quarter worth about $28,000. Valley National Advisers Inc. bought a new position in shares of Fiserv during the fourth quarter worth about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter worth about $29,000. Finally, Compass Financial Services Inc bought a new position in shares of Fiserv during the fourth quarter worth about $31,000. 90.98% of the stock is owned by hedge funds and other 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.