Fiserv (NYSE:FI) Price Target Increased to $220.00 by Analysts at Wells Fargo & Company

Fiserv (NYSE:FI) had its price objective upped by Wells Fargo & Company from $215.00 to $220.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

A number of other analysts have also commented on FI. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective on the stock. Stephens increased their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $199.92.

Fiserv Trading Up 1.3 %

NYSE FI opened at $202.36 on Wednesday. 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 has a 52 week low of $111.53 and a 52 week high of $203.00. The business has a 50 day moving average price of $179.29 and a 200-day moving average price of $162.09. The company has a market cap of $118.40 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. As a group, equities analysts expect that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the company’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 of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock valued at $32,855,417 over the last three months. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Fiserv by 16.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock worth $10,025,000 after purchasing an additional 7,817 shares in the last quarter. Allworth Financial LP lifted its position in Fiserv by 11.9% during the third quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares during the last quarter. Convergence Financial LLC grew its stake in Fiserv by 61.1% in the 3rd quarter. Convergence Financial LLC now owns 7,923 shares of the business services provider’s stock worth $1,423,000 after buying an additional 3,006 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Fiserv by 84.3% in the 3rd quarter. Mediolanum International Funds Ltd now owns 202,231 shares of the business services provider’s stock worth $36,014,000 after buying an additional 92,490 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Fiserv by 1.5% during the 3rd quarter. Lake Street Advisors Group LLC now owns 6,494 shares of the business services provider’s stock valued at $1,167,000 after buying an additional 95 shares in the last quarter. 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.