Fiserv (NYSE:FI) PT Raised to $190.00 at Wells Fargo & Company

Fiserv (NYSE:FI) had its price target boosted by Wells Fargo & Company from $180.00 to $190.00 in a research note released on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

A number of other research firms also recently issued reports on FI. Royal Bank of Canada raised their price target on Fiserv from $180.00 to $183.00 and gave the stock an outperform rating in a research note on Thursday. Robert W. Baird raised their price target on Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a research note on Wednesday, April 24th. Mizuho raised their price target on Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Barclays raised their price target on Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Finally, BMO Capital Markets raised their price target on Fiserv from $168.00 to $175.00 and gave the stock an outperform rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $172.29.

Fiserv Trading Up 2.5 %

FI opened at $159.94 on Thursday. Fiserv has a one year low of $109.11 and a one year high of $162.47. The company has a market cap of $93.58 billion, a P/E ratio of 29.90, a PEG ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $151.29 and its 200-day simple moving average is $150.04.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Fiserv will post 8.73 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock valued at $7,696,448 in the last three months. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after buying an additional 417,459 shares in the last quarter. Capital World Investors increased its position in Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Fiserv during the fourth quarter worth $960,592,000. Veritas Asset Management LLP purchased a new position in Fiserv during the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC purchased a new position in Fiserv during the fourth quarter worth $900,674,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.