Fiserv (NYSE:FI) PT Raised to $175.00

Fiserv (NYSE:FI) had its price objective lifted by research analysts at TD Cowen from $167.00 to $175.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 14.16% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. BMO Capital Markets upped their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group upped their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a research report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Price Performance

NYSE FI opened at $153.29 on Wednesday. The business has a 50 day simple moving average of $152.39 and a 200 day simple moving average of $137.45. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business earned $1.58 EPS. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FI. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC bought a new position in shares of Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv in the fourth quarter worth $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv in the fourth quarter worth $27,000. 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.