Fiserv (NYSE:FI) Price Target Raised to $200.00 at Stephens

Fiserv (NYSE:FI) had its price objective increased by Stephens from $170.00 to $200.00 in a research note published on Friday morning, Benzinga reports. Stephens currently has an equal weight rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on FI. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $187.92.

Fiserv Trading Down 0.1 %

FI opened at $197.15 on Friday. The business has a fifty day moving average price of $177.77 and a 200 day moving average price of $161.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 12 month low of $109.11 and a 12 month high of $198.86. The stock has a market capitalization of $115.35 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced 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 business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. Sell-side analysts expect that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the firm’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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock worth $32,855,417 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $25,000. Clean Yield Group increased its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $32,000. Finally, Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth approximately $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.