Fiserv (NYSE:FI) Price Target Raised to $145.00

Fiserv (NYSE:FIFree Report) had its price target boosted by Truist Financial from $140.00 to $145.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Several other research analysts also recently weighed in on the company. Oppenheimer upgraded Fiserv from a market perform rating to an outperform rating and set a $168.00 target price on the stock in a research note on Thursday, January 11th. Wedbush restated an outperform rating and issued a $150.00 price target on shares of Fiserv in a research note on Thursday, November 16th. Susquehanna lifted their price target on Fiserv from $170.00 to $175.00 and gave the company a positive rating in a research note on Wednesday, October 25th. KeyCorp upgraded Fiserv from a sector weight rating to an overweight rating and set a $180.00 price target on the stock in a research note on Monday, January 8th. Finally, The Goldman Sachs Group decreased their price target on Fiserv from $127.00 to $126.00 in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $152.39.

Check Out Our Latest Stock Report on Fiserv

Fiserv Trading Up 0.5 %

FI opened at $144.23 on Wednesday. The business’s 50 day moving average is $136.56 and its two-hundred day moving average is $125.87. Fiserv has a 52 week low of $103.99 and a 52 week high of $145.87. The firm has a market cap of $86.56 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the business posted $1.91 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, research analysts predict that Fiserv will post 8.63 EPS for the current year.

Insider Activity at Fiserv

In related news, Vice Chairman Christopher M. Foskett sold 25,429 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 97,665 shares in the company, valued at $13,184,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Kenneth Best sold 9,138 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.50, for a total value of $1,165,095.00. Following the transaction, the chief accounting officer now directly owns 30,691 shares in the company, valued at approximately $3,913,102.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Christopher M. Foskett sold 25,429 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 97,665 shares in the company, valued at $13,184,775. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 311,038 shares of company stock worth $41,389,939. 18.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently modified their holdings of the company. Copperwynd Financial LLC raised its holdings in shares of Fiserv by 1.5% in the 2nd quarter. Copperwynd Financial LLC now owns 5,703 shares of the business services provider’s stock worth $719,000 after purchasing an additional 82 shares during the period. First Manhattan Co. grew its stake in shares of Fiserv by 4.6% in the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after buying an additional 86 shares in the last quarter. Newman Dignan & Sheerar Inc. grew its stake in shares of Fiserv by 0.8% in the second quarter. Newman Dignan & Sheerar Inc. now owns 11,575 shares of the business services provider’s stock valued at $1,460,000 after buying an additional 87 shares in the last quarter. Apeiron RIA LLC grew its stake in shares of Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after buying an additional 90 shares in the last quarter. Finally, Holderness Investments Co. grew its stake in shares of Fiserv by 4.1% in the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after buying an additional 90 shares in the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

About Fiserv

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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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