Fiserv (NYSE:FI) PT Raised to $195.00

Fiserv (NYSE:FI) had its price objective hoisted by investment analysts at Jefferies Financial Group from $160.00 to $195.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 0.37% from the stock’s previous close.

A number of other research firms have also commented on FI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $183.00 price objective on shares of Fiserv in a research note on Wednesday, October 2nd. Morgan Stanley upped their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird raised their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.38.

Fiserv Stock Performance

NYSE FI opened at $195.73 on Wednesday. The company has a market capitalization of $114.52 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a twelve month low of $109.11 and a twelve month high of $198.86. The stock has a fifty day simple moving average of $176.34 and a 200 day simple moving average of $160.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion during 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 business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Sell-side analysts expect that Fiserv will post 8.74 EPS for the current year.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the company’s 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 completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s 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 completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

Several large investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC lifted its holdings in shares of Fiserv by 24.4% in the third quarter. Aaron Wealth Advisors LLC now owns 2,659 shares of the business services provider’s stock worth $478,000 after buying an additional 521 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of Fiserv by 285.7% in the third quarter. Claro Advisors LLC now owns 7,799 shares of the business services provider’s stock worth $1,401,000 after purchasing an additional 5,777 shares during the period. V Square Quantitative Management LLC raised its position in shares of Fiserv by 2.2% in the third quarter. V Square Quantitative Management LLC now owns 11,813 shares of the business services provider’s stock worth $2,122,000 after buying an additional 249 shares in the last quarter. CHB Investment Group LLC bought a new stake in Fiserv during the third quarter valued at $3,227,000. Finally, Sax Wealth Advisors LLC boosted its stake in Fiserv by 16.4% during the third quarter. Sax Wealth Advisors LLC now owns 2,706 shares of the business services provider’s stock valued at $486,000 after buying an additional 382 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.