Jefferies Financial Group Boosts Fiserv (NYSE:FI) Price Target to $160.00

Fiserv (NYSE:FI) had its price objective increased by Jefferies Financial Group from $150.00 to $160.00 in a research report sent to investors on Monday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

FI has been the subject of several other reports. Truist Financial raised their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a hold rating in a report on Wednesday, February 7th. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a buy rating on the stock. Barclays raised their price target on shares of Fiserv from $150.00 to $165.00 and gave the stock an overweight rating in a research report on Monday, February 12th. Stephens raised their price target on shares of Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Finally, KeyCorp upgraded shares of Fiserv from a sector weight rating to an overweight rating and set a $180.00 price target on the stock in a research report on Monday, January 8th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $155.83.

Fiserv Stock Performance

Shares of FI stock opened at $159.33 on Monday. The company’s fifty day simple moving average is $147.33 and its 200-day simple moving average is $132.01. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $94.07 billion, a PE ratio of 31.87, a P/E/G ratio of 1.28 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.91 EPS. As a group, equities research analysts anticipate that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division boosted its stake in shares of Fiserv by 25.2% in the 3rd quarter. Moody National Bank Trust Division now owns 17,431 shares of the business services provider’s stock valued at $1,969,000 after purchasing an additional 3,507 shares during the last quarter. Legal Advantage Investments Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $8,837,000. Wesbanco Bank Inc. bought a new position in shares of Fiserv in the 3rd quarter valued at about $767,000. Citigroup Inc. boosted its stake in shares of Fiserv by 59.5% in the 3rd quarter. Citigroup Inc. now owns 1,188,274 shares of the business services provider’s stock valued at $134,227,000 after purchasing an additional 443,117 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its stake in shares of Fiserv by 881.0% in the 2nd quarter. Graham Capital Management L.P. now owns 72,973 shares of the business services provider’s stock valued at $9,206,000 after purchasing an additional 65,534 shares during the last quarter. Institutional investors and hedge funds 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.