Brokerages Set Fiserv, Inc. (NYSE:FI) PT at $222.88

Shares of Fiserv, Inc. (NYSE:FI) have been given an average rating of “Moderate Buy” by the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $222.88.

Several brokerages have weighed in on FI. Keefe, Bruyette & Woods lifted their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays boosted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock valued at $18,581,095. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently bought and sold shares of the business. Waypoint Capital Advisors LLC raised its holdings in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC raised its position in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Covestor Ltd lifted its holdings in Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after purchasing an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. boosted its position in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.1 %

Shares of Fiserv stock opened at $207.95 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day moving average of $208.69 and a 200-day moving average of $181.39. Fiserv has a 52-week low of $131.41 and a 52-week high of $223.23. The stock has a market cap of $118.31 billion, a PE ratio of 39.99, a PEG ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fiserv will post 8.77 EPS for the current year.

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.