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

Fiserv (NYSE:FI) had its target price lifted by Robert W. Baird from $186.00 to $200.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on FI. Morgan Stanley raised shares of Fiserv from an equal weight rating to an overweight rating and increased their target price for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. KeyCorp raised their price objective on Fiserv from $170.00 to $180.00 and gave the stock an overweight rating in a research report on Thursday, July 25th. 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. Citigroup raised Fiserv to a strong-buy rating in a report on Thursday, July 25th. Finally, TD Cowen upped their price objective on shares of Fiserv from $175.00 to $182.00 and gave the company a buy rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of Moderate Buy and an average price target of $174.88.

Fiserv Stock Down 0.3 %

Fiserv stock opened at $176.80 on Monday. 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 $101.79 billion, a P/E ratio of 33.05, a P/E/G ratio of 1.45 and a beta of 0.93. The business has a fifty day moving average of $167.11 and a two-hundred day moving average of $157.22. Fiserv has a twelve month low of $109.11 and a twelve month high of $179.53.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping 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 firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the business posted $1.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock valued at $36,572,057 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently added to or reduced their stakes in FI. Price T Rowe Associates Inc. MD raised its position in shares of Fiserv by 0.9% during the 1st 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 purchasing an additional 417,459 shares during the last quarter. Capital World Investors raised its holdings in shares of Fiserv by 7.4% during the first 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 last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after acquiring an additional 64,332 shares in the last quarter. Veritas Asset Management LLP acquired a new stake in shares of Fiserv in the fourth quarter worth approximately $927,298,000. Finally, Parnassus Investments LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $900,674,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.