Fiserv (NYSE:FI) Coverage Initiated at BTIG Research

Equities research analysts at BTIG Research started coverage on shares of Fiserv (NYSE:FI) in a report released on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $200.00 price target on the business services provider’s stock. BTIG Research’s price target would indicate a potential upside of 15.65% from the stock’s current price.

Other equities analysts also recently issued reports about the company. BMO Capital Markets upped their target price on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Mizuho lifted their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. KeyCorp upped their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Trading Up 0.6 %

Fiserv stock opened at $172.93 on Wednesday. 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 stock has a market cap of $101.18 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The stock has a 50-day moving average of $157.98 and a two-hundred day moving average of $153.73. Fiserv has a one year low of $109.11 and a one year high of $173.49.

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

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,690 shares of company stock valued at $14,833,215. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently modified their holdings of FI. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the 1st quarter valued at about $25,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new position in Fiserv during the fourth quarter worth $30,000. Finally, Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter valued at $31,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.