The Goldman Sachs Group Lowers Fiserv (NYSE:FI) Price Target to $194.00

Fiserv (NYSE:FI) had its target price decreased by The Goldman Sachs Group from $223.00 to $194.00 in a research report report published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the business services provider’s stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a report on Monday. UBS Group decreased their target price on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Susquehanna reduced their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $225.80.

Fiserv Stock Performance

Shares of FI stock opened at $169.27 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market capitalization of $93.85 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company’s 50 day moving average price is $201.41 and its two-hundred day moving average price is $210.18. Fiserv has a 52 week low of $146.25 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for 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 quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS. On average, analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a stock repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the business. Vega Investment Solutions acquired a new stake in Fiserv during the 4th quarter worth approximately $25,000. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% during 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. Park Square Financial Group LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $28,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $29,000. Institutional investors 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.