Fiserv (NYSE:FI) PT Raised to $200.00

Fiserv (NYSE:FI) had its target price increased by Jefferies Financial Group from $195.00 to $200.00 in a report released on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

Several other analysts have also commented on FI. Oppenheimer began coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday. Finally, KeyCorp lifted their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $202.08.

Fiserv Price Performance

Shares of NYSE FI opened at $203.26 on Tuesday. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50. The business’s 50 day moving average price is $179.29 and its 200 day moving average price is $162.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $118.93 billion, a P/E ratio of 37.99, 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 analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, sell-side analysts expect that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,890 shares of company stock worth $40,934,217. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after buying an additional 1,306,901 shares during the period. Capital World Investors boosted its holdings in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the period. Maj Invest Holding A S acquired a new position in Fiserv in the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC acquired a new position in Fiserv in the 2nd quarter valued at about $105,031,000. Finally, American Century Companies Inc. increased its stake in Fiserv by 1,642.5% during the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after purchasing an additional 471,531 shares during the period. Institutional investors and hedge funds 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.