Fiserv (NYSE:FI) Price Target Raised to $200.00 at Jefferies Financial Group

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

Several other equities research analysts have also recently weighed in on FI. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their price objective on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Robert W. Baird upped their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, TD Cowen upped their price objective on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Four 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. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $204.38.

Fiserv Stock Down 1.9 %

FI stock opened at $199.52 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $116.74 billion, a PE ratio of 37.29, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 12 month low of $111.53 and a 12 month high of $204.50. The firm has a 50 day simple moving average of $180.04 and a 200 day simple moving average of $162.37.

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

Insider Buying and Selling at Fiserv

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FI. Waypoint Capital Advisors LLC boosted its stake in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. West Bancorporation Inc. lifted its stake in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 61 shares during the period. Atwood & Palmer Inc. lifted its stake in shares of Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 66 shares during the period. Finally, Quent Capital LLC increased its holdings in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other 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.