Jefferies Financial Group Increases Fiserv (NYSE:FI) Price Target to $200.00

Fiserv (NYSE:FI - Get Free Report) had its target price raised by stock analysts at Jefferies Financial Group from $195.00 to $200.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Jefferies Financial Group's price target points to a potential upside of 0.14% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on Fiserv from $176.00 to $199.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. TD Cowen lifted their price target on Fiserv from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada restated an "outperform" rating and set a $183.00 price objective on shares of Fiserv in a report on Wednesday, October 2nd. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a "buy" rating and a $200.00 target price for the company. Finally, Stephens lifted their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $190.04.

Fiserv Price Performance

FI traded up $2.55 during trading on Tuesday, reaching $199.72. The stock had a trading volume of 4,479,195 shares, compared to its average volume of 2,479,299. Fiserv has a 1-year low of $109.11 and a 1-year high of $199.87. The firm has a market capitalization of $116.86 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The stock has a 50 day moving average of $178.52 and a two-hundred day moving average of $161.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

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

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company's stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the first quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in Fiserv during the 2nd quarter valued at $31,000. Clean Yield Group raised its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in Fiserv in the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds 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.