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

Fiserv (NYSE:FI) had its price objective raised by Stephens from $170.00 to $200.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on FI. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets upped their target price on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $187.92.

Fiserv Stock Up 0.8 %

Shares of FI stock opened at $197.29 on Friday. Fiserv has a 12 month low of $109.11 and a 12 month high of $198.86. The stock has a market cap of $115.43 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $177.05 and a two-hundred day simple moving average of $161.16.

Fiserv (NYSE:FI) last announced its earnings results 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 net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 earnings per share. On average, research analysts expect that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction 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 directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new position in Fiserv in the 1st quarter worth about $25,000. Family Firm Inc. purchased a new position in Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group increased its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new position in Fiserv in the 1st quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. 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.