Fiserv (NYSE:FI) PT Raised to $227.00

Fiserv (NYSE:FI) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $199.00 to $227.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.68% from the company’s previous close.

Several other equities research analysts have also issued reports on FI. Morgan Stanley increased their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen raised their price objective on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer initiated coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.08.

Fiserv Trading Up 0.4 %

FI stock opened at $203.26 on Wednesday. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50. The company has a market cap of $118.93 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. 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 business has a fifty day simple moving average of $179.29 and a 200-day simple moving average of $162.09.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Fiserv will post 8.74 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the business’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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 227,890 shares of company stock valued at $40,934,217 over the last 90 days. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Hedge funds have recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $25,000. Clean Yield Group increased its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC bought a new position in shares of Fiserv in the first quarter worth $32,000. Finally, Family Firm Inc. acquired a new position in shares of Fiserv during the second quarter valued at $31,000. 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.