Fiserv (NYSE:FI) Price Target Raised to $182.00 at TD Cowen

Fiserv (NYSE:FI) had its price objective hoisted by TD Cowen from $175.00 to $182.00 in a research note released on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

Several other research firms have also weighed in on FI. BMO Capital Markets increased their price target on Fiserv from $168.00 to $175.00 and gave the company an outperform rating in a report on Thursday. Robert W. Baird increased their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Fiserv from a hold rating to a buy rating in a report on Wednesday, June 26th. B. Riley raised their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a buy rating in a research note on Thursday. Finally, Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the company a buy rating in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $170.19.

Fiserv Stock Up 0.8 %

Shares of FI opened at $157.26 on Thursday. The business’s 50 day simple moving average is $151.15 and its 200-day simple moving average is $149.67. Fiserv has a 1 year low of $109.11 and a 1 year high of $162.47. 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 stock has a market capitalization of $92.01 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for 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%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 EPS. As a group, equities analysts expect that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders sold 50,800 shares of company stock valued at $7,696,448. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv in the first quarter worth $25,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. GW&K Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv during the 4th quarter worth about $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in Fiserv during the 4th quarter valued at about $30,000. 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.