Fiserv (NYSE:FI) PT Raised to $185.00

Fiserv (NYSE:FIGet Free Report) had its target price raised by investment analysts at Robert W. Baird from $168.00 to $185.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 16.89% from the stock’s previous close.

A number of other brokerages have also weighed in on FI. Stephens raised their price objective on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com initiated coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, Mizuho reaffirmed a “buy” rating and set a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.21.

Check Out Our Latest Report on Fiserv

Fiserv Trading Down 0.2 %

Shares of FI stock opened at $158.27 on Monday. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. 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 firm has a market capitalization of $93.44 billion, a PE ratio of 31.65, a PEG ratio of 1.30 and a beta of 0.91. The stock has a fifty day simple moving average of $148.98 and a two-hundred day simple moving average of $133.07.

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 return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the business posted $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts predict that Fiserv will post 8.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently made changes to their positions in FI. First Manhattan Co. lifted its position in Fiserv by 4.6% during the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 86 shares during the period. Apeiron RIA LLC raised its position in shares of Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after purchasing an additional 90 shares during the last quarter. Holderness Investments Co. raised its position in shares of Fiserv by 4.1% during the 2nd quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock worth $290,000 after purchasing an additional 90 shares during the last quarter. Principal Street Partners LLC raised its position in shares of Fiserv by 1.4% during the 2nd quarter. Principal Street Partners LLC now owns 6,568 shares of the business services provider’s stock worth $829,000 after purchasing an additional 92 shares during the last quarter. Finally, Brighton Jones LLC raised its position in shares of Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after purchasing an additional 92 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

About Fiserv

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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.

Further Reading

Analyst Recommendations for Fiserv (NYSE:FI)

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