Robert W. Baird Cuts Fiserv (NYSE:FI) Price Target to $225.00

Fiserv (NYSE:FI) had its price objective trimmed by Robert W. Baird from $250.00 to $225.00 in a report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective for the company. in a research note on Wednesday, April 9th. Wall Street Zen initiated coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. UBS Group dropped their price objective on shares of Fiserv from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, May 28th. Finally, Redburn Atlantic restated a “sell” rating and set a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $221.23.

Fiserv Trading Up 1.0%

Fiserv stock opened at $162.97 on Wednesday. The stock has a market cap of $90.36 billion, a P/E ratio of 28.79, a PEG ratio of 1.00 and a beta of 0.90. Fiserv has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The firm’s fifty day moving average price is $177.23 and its 200-day moving average price is $201.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business’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 now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction 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 now directly owns 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently made changes to their positions in the stock. Centricity Wealth Management LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $79,000. American National Bank & Trust lifted its stake 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 last quarter. Evercore Wealth Management LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $54,981,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Fiserv during the 4th quarter worth $11,330,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Fiserv during the 4th quarter worth $127,000. 90.98% of the stock is currently 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.