Fiserv (NYSE:FI) Given New $195.00 Price Target at Jefferies Financial Group

Fiserv (NYSE:FI - Get Free Report) had its price target raised by equities research analysts at Jefferies Financial Group from $160.00 to $195.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. Jefferies Financial Group's price target points to a potential downside of 1.37% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Citigroup raised shares of Fiserv to a "strong-buy" rating in a research report on Thursday, July 25th. Morgan Stanley increased their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday. William Blair upgraded Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Finally, TD Cowen boosted their target price on Fiserv from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and a consensus price target of $182.04.

Fiserv Price Performance

Shares of FI stock traded up $3.68 during trading hours on Wednesday, hitting $197.70. 2,561,368 shares of the company's stock were exchanged, compared to its average volume of 2,455,798. Fiserv has a 12-month low of $109.11 and a 12-month high of $197.89. The company has a market capitalization of $115.67 billion, a PE ratio of 36.76, a PEG ratio of 1.44 and a beta of 0.93. The business's 50 day simple moving average is $174.80 and its 200-day simple moving average is $160.39. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to analysts' expectations of $4.81 billion. During the same quarter last year, the company earned $1.81 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv will post 8.74 earnings per share for the current year.

Insider Transactions at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. Insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FI. Norden Group LLC purchased a new position in Fiserv in the first quarter worth about $2,359,000. ORG Partners LLC grew its position in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock valued at $486,000 after buying an additional 3,197 shares during the period. ZRC Wealth Management LLC purchased a new stake in Fiserv during the first quarter valued at approximately $32,000. Park Place Capital Corp raised its position in Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock worth $1,259,000 after acquiring an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after acquiring an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.