Fiserv (NYSE:FI) Price Target Raised to $160.00 at Jefferies Financial Group

Fiserv (NYSE:FIFree Report) had its price objective lifted by Jefferies Financial Group from $150.00 to $160.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other brokerages have also recently commented on FI. Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a positive rating in a report on Monday. Royal Bank of Canada lifted their target price on shares of Fiserv from $144.00 to $158.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Tigress Financial lifted their target price on shares of Fiserv from $160.00 to $175.00 and gave the company a buy rating in a report on Friday, December 22nd. Truist Financial lifted their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a hold rating in a report on Wednesday, February 7th. Finally, Oppenheimer upgraded shares of Fiserv from a market perform rating to an outperform rating and set a $168.00 price objective on the stock in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $154.57.

Read Our Latest Report on Fiserv

Fiserv Stock Up 0.3 %

Shares of FI opened at $156.78 on Monday. Fiserv has a 1 year low of $109.11 and a 1 year high of $157.33. The company’s 50-day simple moving average is $146.50 and its 200-day simple moving average is $131.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $92.56 billion, a PE ratio of 31.36, a P/E/G ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts forecast that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Suzan Kereere sold 1,633 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total value of $216,993.04. Following the completion of the transaction, the executive vice president now owns 47,792 shares of the company’s stock, valued at approximately $6,350,600.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,279 shares of company stock valued at $13,607,197. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in shares of Fiserv during the 3rd quarter valued at approximately $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $5,885,279,000. Dodge & Cox acquired a new stake in Fiserv in the fourth quarter worth $4,631,675,000. Capital World Investors acquired a new stake in Fiserv in the fourth quarter worth $2,329,623,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Fiserv in the fourth quarter worth $960,592,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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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.

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Analyst Recommendations for Fiserv (NYSE:FI)

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