Fiserv (NYSE:FI) Price Target Raised to $180.00 at Citigroup

Fiserv (NYSE:FI) had its price objective lifted by Citigroup from $171.00 to $180.00 in a report published on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the business services provider’s stock.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a report on Wednesday. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a report on Monday, March 25th. Barclays raised their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a report on Monday, April 1st. UBS Group raised their price target on Fiserv from $170.00 to $185.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $164.33.

Fiserv Stock Down 2.0 %

Shares of NYSE FI opened at $152.25 on Wednesday. Fiserv has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50 day simple moving average is $152.28 and its two-hundred day simple moving average is $137.34. The stock has a market capitalization of $89.64 billion, a P/E ratio of 30.45, a PEG ratio of 1.22 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the business earned $1.58 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Large investors have recently made changes to their positions in the company. Piscataqua Savings Bank bought a new position in shares of Fiserv during the 4th quarter valued at approximately $67,000. GHP Investment Advisors Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $78,000. Liberty Capital Management Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $7,071,000. Birch Hill Investment Advisors LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $84,583,000. Finally, Graypoint LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $3,732,000. 90.98% of the stock is currently owned by institutional investors.

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.