Fiserv (NYSE:FI) PT Raised to $230.00 at TD Cowen

Fiserv (NYSE:FI) had its price target raised by equities researchers at TD Cowen from $200.00 to $230.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 13.16% from the company’s previous close.

FI has been the subject of a number of other reports. Stephens increased their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four investment 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.08.

Fiserv Stock Performance

Shares of FI opened at $203.26 on Wednesday. The firm has a market cap of $118.93 billion, a P/E ratio of 38.00, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a twelve month low of $111.53 and a twelve month high of $204.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $179.29 and its two-hundred day moving average price is $162.09.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. On average, analysts forecast that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, 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. Over the last ninety days, insiders have sold 227,890 shares of company stock valued at $40,934,217. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in Fiserv by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 268,588 shares of the business services provider’s stock worth $48,252,000 after purchasing an additional 2,093 shares in the last quarter. Concord Wealth Partners increased its holdings in shares of Fiserv by 27.3% during the third quarter. Concord Wealth Partners now owns 1,273 shares of the business services provider’s stock worth $229,000 after buying an additional 273 shares in the last quarter. Forbes J M & Co. LLP lifted its stake in shares of Fiserv by 4.4% in the 3rd quarter. Forbes J M & Co. LLP now owns 5,321 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 225 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at $229,000. Finally, Greenspring Advisors LLC bought a new stake in Fiserv during the 3rd quarter worth $354,000. 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.