Fiserv (NYSE:FI) Price Target Raised to $233.00 at Citigroup

Fiserv (NYSE:FI) had its target price boosted by analysts at Citigroup from $230.00 to $233.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target would suggest a potential upside of 14.01% from the company’s current price.

A number of other analysts have also commented on FI. Keefe, Bruyette & Woods lifted their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $223.17.

Fiserv Stock Up 1.4 %

NYSE:FI traded up $2.84 during trading hours on Tuesday, reaching $204.37. The company had a trading volume of 1,311,139 shares, compared to its average volume of 2,089,465. Fiserv has a twelve month low of $135.97 and a twelve month high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market cap of $116.27 billion, a price-to-earnings ratio of 39.30, a P/E/G ratio of 1.56 and a beta of 0.94. The business’s 50-day simple moving average is $209.66 and its two-hundred day simple moving average is $185.68.

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

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in FI. FMR LLC increased its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Legal & General Group Plc boosted its holdings in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after acquiring an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter worth $764,543,000. Dimensional Fund Advisors LP increased its holdings in shares of Fiserv by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after acquiring an additional 225,159 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Fiserv by 2.5% in the 2nd quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock worth $323,624,000 after purchasing an additional 52,748 shares during 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.