Fiserv (NYSE:FI) PT Raised to $220.00 at Morgan Stanley

Fiserv (NYSE:FI) had its price objective increased by Morgan Stanley from $177.00 to $220.00 in a report released on Tuesday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities analysts have also recently issued reports on FI. Robert W. Baird upped their price objective on Fiserv from $186.00 to $200.00 and gave the company an outperform rating in a research report on Monday, September 23rd. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They set a buy rating and a $200.00 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on Fiserv from $178.00 to $184.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. KeyCorp upped their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an overweight rating in a research note on Thursday, July 25th. Finally, B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $180.64.

Fiserv Price Performance

Shares of NYSE:FI opened at $194.02 on Tuesday. The business has a fifty day moving average price of $174.80 and a 200-day moving average price of $160.39. 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 company has a market capitalization of $113.52 billion, a PE ratio of 36.27, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a 1-year low of $109.11 and a 1-year high of $195.83.

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

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last three months. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after acquiring an additional 417,459 shares during the last quarter. Capital World Investors increased its position in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the last quarter. Legal & General Group Plc raised its stake in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares during the last quarter. 90.98% of the stock is currently 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.