Fiserv (NYSE:FI) PT Raised to $226.00

Fiserv (NYSE:FI) had its price target upped by equities research analysts at Citigroup from $187.00 to $226.00 in a research note issued to investors on Tuesday. Citigroup’s price objective suggests a potential upside of 11.68% from the stock’s previous close.

FI has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BTIG Research began coverage on shares of Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective on the stock. Jefferies Financial Group upped their target price on shares of Fiserv from $160.00 to $195.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.92.

Fiserv Stock Performance

Shares of FI opened at $202.36 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $111.53 and a 12 month high of $203.00. The firm has a fifty day simple moving average of $179.29 and a 200 day simple moving average of $162.09. The stock has a market capitalization of $118.40 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company earned $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts forecast that Fiserv will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock worth $32,855,417 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Fiserv by 16.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock worth $10,025,000 after acquiring an additional 7,817 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Fiserv by 11.9% during the 3rd quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares during the last quarter. Convergence Financial LLC increased its position in Fiserv by 61.1% during the 3rd quarter. Convergence Financial LLC now owns 7,923 shares of the business services provider’s stock worth $1,423,000 after purchasing an additional 3,006 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Fiserv by 84.3% in the 3rd quarter. Mediolanum International Funds Ltd now owns 202,231 shares of the business services provider’s stock valued at $36,014,000 after purchasing an additional 92,490 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in Fiserv by 1.5% in the third quarter. Lake Street Advisors Group LLC now owns 6,494 shares of the business services provider’s stock valued at $1,167,000 after buying an additional 95 shares in the last quarter. 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.