Fiserv (NYSE:FI) Price Target Raised to $230.00

Fiserv (NYSE:FI) had its target price hoisted by TD Cowen from $200.00 to $230.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Stephens boosted their price target on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. William Blair upgraded Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Citigroup boosted their price target on Fiserv from $187.00 to $226.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Trading Down 1.9 %

NYSE FI opened at $199.52 on Wednesday. Fiserv has a 1-year low of $111.53 and a 1-year high of $204.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $180.04 and a 200-day moving average of $162.37. The firm has a market cap of $116.74 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv will post 8.74 EPS for the current year.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the company’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 transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the company’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 transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,890 shares of company stock valued at $40,934,217. 0.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds and other institutional investors have recently modified their holdings of FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter valued at $25,000. Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter valued at $31,000. Clean Yield Group lifted its holdings in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC bought a new position in shares of Fiserv during the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. 90.98% of the stock is owned by institutional investors.

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.