Fiserv (NYSE:FI) Price Target Raised to $191.00 at BMO Capital Markets

Fiserv (NYSE:FI) had its price objective increased by investment analysts at BMO Capital Markets from $175.00 to $191.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 5.33% from the stock’s current price.

FI has been the subject of a number of other reports. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.92.

Fiserv Stock Up 0.0 %

Shares of NYSE FI traded up $0.03 during mid-day trading on Wednesday, reaching $181.34. The company had a trading volume of 715,075 shares, compared to its average volume of 2,455,198. Fiserv has a twelve month low of $109.11 and a twelve month high of $182.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $106.10 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The stock’s 50 day moving average is $169.23 and its 200-day moving average is $158.22.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. As a group, equities analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds have recently modified their holdings of FI. Cooper Financial Group boosted its stake 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. Quent Capital LLC raised its holdings in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the period. Fielder Capital Group LLC increased its stake in Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after buying an additional 68 shares during the last quarter. Andina Capital Management LLC increased its stake in Fiserv by 3.1% in the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after buying an additional 70 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in Fiserv by 3.0% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after buying an additional 72 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.