Robert W. Baird Increases Fiserv (NYSE:FI) Price Target to $186.00

Fiserv (NYSE:FI) had its price objective hoisted by research analysts at Robert W. Baird from $185.00 to $186.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 21.34% from the company’s previous close.

Several other analysts also recently commented on FI. B. Riley raised their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Stephens raised their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group raised their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Royal Bank of Canada raised their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Performance

Shares of NYSE:FI opened at $153.29 on Wednesday. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The firm’s 50 day simple moving average is $152.39 and its 200 day simple moving average is $137.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. As a group, sell-side analysts forecast that Fiserv will post 8.63 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FI. Cooper Financial Group boosted its holdings in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares during the last quarter. BSW Wealth Partners boosted its holdings in Fiserv by 2.8% in the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 76 shares during the last quarter. Wedmont Private Capital boosted its holdings in Fiserv by 1.8% in the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 87 shares during the last quarter. Apeiron RIA LLC boosted its holdings in Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 90 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.