Fiserv (NYSE:FI) PT Raised to $145.00 at Truist Financial

Fiserv (NYSE:FIGet Free Report) had its price objective increased by research analysts at Truist Financial from $140.00 to $145.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential upside of 1.01% from the company’s current price.

A number of other research firms have also recently weighed in on FI. Tigress Financial increased their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Stephens increased their target price on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research note on Monday, January 8th. Seaport Res Ptn reissued a “neutral” rating on shares of Fiserv in a research note on Thursday, October 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.39.

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Fiserv Trading Up 0.6 %

Shares of NYSE:FI opened at $143.55 on Wednesday. Fiserv has a 12-month low of $103.99 and a 12-month high of $145.87. The company has a market capitalization of $86.16 billion, a PE ratio of 28.71, a PEG ratio of 1.14 and a beta of 0.91. The business has a 50 day moving average of $136.28 and a two-hundred day moving average of $125.77. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. As a group, analysts forecast that Fiserv will post 8.62 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 9,138 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.50, for a total transaction of $1,165,095.00. Following the transaction, the chief accounting officer now owns 30,691 shares of the company’s stock, valued at approximately $3,913,102.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Fiserv news, CAO Kenneth Best sold 9,138 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.50, for a total transaction of $1,165,095.00. Following the transaction, the chief accounting officer now owns 30,691 shares of the company’s stock, valued at approximately $3,913,102.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Christopher M. Foskett sold 25,429 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $135.00, for a total value of $3,432,915.00. Following the transaction, the insider now directly owns 97,665 shares in the company, valued at approximately $13,184,775. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 311,038 shares of company stock valued at $41,389,939. Insiders own 18.20% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds have recently made changes to their positions in FI. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. bought a new position in Fiserv during the fourth quarter valued at about $27,000. Atlas Capital Advisors LLC increased its stake in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. bought a new position in Fiserv during the second quarter valued at about $27,000. Institutional investors own 89.69% of the company’s stock.

Fiserv Company Profile

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Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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