Fiserv (NYSE:FI) Price Target Increased to $200.00 by Analysts at TD Cowen

Fiserv (NYSE:FI) had its price objective raised by equities researchers at TD Cowen from $182.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price would suggest a potential upside of 9.08% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $183.00 price target on shares of Fiserv in a report on Wednesday. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday. They set an “outperform” rating and a $203.00 target price for the company. Four 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.64.

Fiserv Price Performance

NYSE:FI opened at $183.36 on Wednesday. The stock has a 50 day moving average price of $170.20 and a 200 day moving average price of $158.56. The stock has a market cap of $107.28 billion, a PE ratio of 34.27, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a one year low of $109.11 and a one year high of $183.56.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new position in Fiserv in the first quarter valued at approximately $25,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $27,000. Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter worth $31,000. ZRC Wealth Management LLC purchased a new stake in Fiserv in the first quarter valued at $32,000. Finally, Quarry LP acquired a new position in Fiserv in the fourth quarter valued at $36,000. Hedge funds and other 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.