Fiserv (NYSE:FI) Given New $230.00 Price Target at TD Cowen

Fiserv (NYSE:FI) had its price target increased by TD Cowen from $200.00 to $230.00 in a report issued on Wednesday, Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. Citigroup upped their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Stephens lifted their price objective on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.92.

Fiserv Price Performance

Shares of FI opened at $202.36 on Wednesday. Fiserv has a fifty-two week low of $111.53 and a fifty-two week high of $203.00. The firm’s 50-day simple moving average is $179.29 and its two-hundred day simple moving average is $162.09. The stock has a market cap of $118.40 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 1.44 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 (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. Analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’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 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,890 shares of company stock worth $32,855,417. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of Fiserv during the second quarter valued at about $31,000. Clean Yield Group grew its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Fiserv in the first quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% in the third 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 in the last quarter. 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.