Fiserv (NYSE:FI) Price Target Raised to $200.00

Fiserv (NYSE:FI) had its target price increased by investment analysts at Jefferies Financial Group from $195.00 to $200.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 0.17% from the company’s current price.

A number of other research firms have also issued reports on FI. TD Cowen boosted their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday. KeyCorp raised 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. Wells Fargo & Company boosted their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.04.

Fiserv Stock Performance

FI stock traded up $2.50 during midday trading on Tuesday, reaching $199.67. The company had a trading volume of 4,452,247 shares, compared to its average volume of 2,479,299. The firm has a market capitalization of $116.83 billion, a PE ratio of 37.32, a P/E/G ratio of 1.44 and a beta of 0.93. The stock has a 50 day moving average price of $177.77 and a 200 day moving average price of $161.51. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $199.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (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 during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that Fiserv will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,890 shares of company stock worth $32,855,417. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI boosted its position in Fiserv by 41.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,221 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 943 shares during the last quarter. Liberty Capital Management Inc. lifted its holdings in shares of Fiserv by 0.4% during the 3rd quarter. Liberty Capital Management Inc. now owns 52,241 shares of the business services provider’s stock valued at $9,385,000 after buying an additional 207 shares during the last quarter. GAM Holding AG grew its stake in shares of Fiserv by 27.8% in the 3rd quarter. GAM Holding AG now owns 114,439 shares of the business services provider’s stock valued at $20,559,000 after buying an additional 24,890 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in Fiserv by 42.5% in the third quarter. Waldron Private Wealth LLC now owns 4,835 shares of the business services provider’s stock worth $869,000 after buying an additional 1,442 shares during the last quarter. Finally, Eastern Bank bought a new position in Fiserv during the third quarter valued at approximately $50,000. 90.98% of the stock is owned by hedge funds and other 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.