Robert W. Baird Increases Fiserv (NYSE:FI) Price Target to $200.00

Fiserv (NYSE:FI) had its price target increased by equities researchers at Robert W. Baird from $186.00 to $200.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 12.61% from the stock’s current price.

A number of other research firms have also recently issued reports on FI. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets lifted their price target on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised their price objective on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. KeyCorp increased their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given 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 $174.88.

Fiserv Stock Performance

Shares of Fiserv stock opened at $177.61 on Monday. The company has a 50-day simple moving average of $166.23 and a two-hundred day simple moving average of $156.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a one year low of $109.11 and a one year high of $178.89. The company has a market capitalization of $103.92 billion, a PE ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 EPS. Research analysts expect that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction 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 completion of the sale, 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 legal filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,890 shares of company stock valued at $10,853,407. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently modified their holdings of the company. Aveo Capital Partners LLC purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $309,000. 9258 Wealth Management LLC purchased a new position in Fiserv in the fourth quarter valued at $552,000. Assetmark Inc. acquired a new position in Fiserv during the 4th quarter worth $826,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $7,842,000. Finally, SageView Advisory Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $292,000. Hedge funds and other 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.