Fiserv (NYSE:FI) Price Target Raised to $191.00 at BMO Capital Markets

Fiserv (NYSE:FI) had its target price increased by analysts at BMO Capital Markets from $175.00 to $191.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 5.33% from the stock’s current price.

Other analysts have also issued reports about the company. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. B. Riley lifted their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $154.00 to $175.00 in a report on Monday, July 22nd. Finally, Robert W. Baird boosted their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.92.

Fiserv Stock Up 0.0 %

Shares of FI traded up $0.03 during midday trading on Wednesday, reaching $181.34. 715,075 shares of the company were exchanged, compared to its average volume of 2,455,198. The stock has a 50-day moving average price of $169.23 and a 200-day moving average price of $158.22. The company has a market cap of $106.10 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.45 and a beta of 0.93. Fiserv has a 1-year low of $109.11 and a 1-year high of $182.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Research analysts expect that Fiserv will post 8.74 earnings per share for the current 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 stock was 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 directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock worth $36,572,057 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv during the 4th quarter valued at $5,885,279,000. Veritas Asset Management LLP acquired a new stake in Fiserv during the 4th quarter valued at $927,298,000. Northern Trust Corp acquired a new stake in Fiserv during the 4th quarter valued at $784,200,000. BlueSpruce Investments LP acquired a new stake in Fiserv during the 4th quarter valued at $646,368,000. Finally, ValueAct Holdings L.P. acquired a new stake in Fiserv during the 4th quarter valued at $556,446,000. 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.