Fiserv (NYSE:FI) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Fiserv (NYSE:FI) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $225.00 to $238.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 18.07% from the company’s previous close.

A number of other analysts have also recently commented on the company. Robert W. Baird upped their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Oppenheimer began coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. Stephens increased their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Citigroup raised their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.50.

Fiserv Trading Down 0.7 %

Shares of FI opened at $201.57 on Monday. The stock’s fifty day simple moving average is $204.15 and its 200-day simple moving average is $175.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $114.68 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. Fiserv has a 12-month low of $131.41 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last issued 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 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Fiserv’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that Fiserv will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in FI. Soros Capital Management LLC boosted its stake in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the last quarter. ORG Partners LLC grew its holdings in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares in the last quarter. Maxwell Wealth Strategies Inc. lifted its stake in Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Park Place Capital Corp boosted its holdings in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 2,794 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new position in Fiserv during the third quarter worth about $1,543,000. Institutional investors own 90.98% of the company’s stock.

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.