Fiserv (NYSE:FI) Price Target Lowered to $165.00 at Mizuho

Fiserv (NYSE:FI) had its target price cut by equities research analysts at Mizuho from $194.00 to $165.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s target price points to a potential upside of 17.01% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. Tigress Financial upped their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Citigroup decreased their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $207.08.

Fiserv Price Performance

NYSE:FI opened at $141.01 on Tuesday. The firm’s fifty day moving average is $163.54 and its two-hundred day moving average is $193.65. The firm has a market cap of $76.65 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 0.93 and a beta of 0.91. Fiserv has a one year low of $128.22 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Research analysts expect that Fiserv will post 10.23 EPS for the current year.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FI. Kestra Private Wealth Services LLC boosted its position in shares of Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock worth $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust boosted its position in shares of Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock worth $18,956,000 after purchasing an additional 1,983 shares during the period. Evercore Wealth Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $54,981,000. Meridian Wealth Advisors LLC boosted its position in shares of Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider’s stock worth $5,933,000 after purchasing an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC boosted its position in shares of Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider’s stock worth $105,463,000 after purchasing an additional 2,589 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.