Fiserv (NYSE:FI) Given New $184.00 Price Target at Keefe, Bruyette & Woods

Fiserv (NYSE:FI) had its price target raised by Keefe, Bruyette & Woods from $178.00 to $184.00 in a report issued on Thursday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts have also recently commented on FI. B. Riley boosted their price objective on Fiserv from $176.00 to $180.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on Fiserv from $158.00 to $180.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Barclays boosted their price objective on Fiserv from $165.00 to $185.00 and gave the company an overweight rating in a research report on Monday, April 1st. Stephens reiterated an equal weight rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of Moderate Buy and an average price target of $170.19.

Fiserv Trading Down 3.2 %

Shares of NYSE:FI opened at $156.01 on Thursday. Fiserv has a 12-month low of $109.11 and a 12-month high of $162.47. The company has a market capitalization of $91.28 billion, a PE ratio of 29.16, a PEG ratio of 1.30 and a beta of 0.92. The business has a 50 day moving average of $151.15 and a two-hundred day moving average of $149.67. 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 (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS 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 analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 earnings per share. As a group, analysts forecast that Fiserv will post 8.69 EPS for the current year.

Insider Activity

In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock valued at $7,696,448 in the last quarter. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cooper Financial Group grew its stake in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after buying an additional 67 shares during the last quarter. Quent Capital LLC grew its stake in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Andina Capital Management LLC grew its stake in shares of 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 purchasing an additional 70 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Fiserv by 0.8% in the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 73 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in shares of Fiserv by 2.8% in the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors 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.