Fiserv (NYSE:FI) Price Target Raised to $168.00 at BMO Capital Markets

Fiserv (NYSE:FI) had its target price raised by BMO Capital Markets from $163.00 to $168.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other research firms also recently commented on FI. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a report on Monday, March 25th. Stephens raised their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a 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 report on Wednesday, February 7th. Robert W. Baird raised their price objective on shares of Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Evercore ISI reiterated an outperform rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of Moderate Buy and an average target price of $164.33.

Fiserv Price Performance

Shares of Fiserv stock opened at $152.25 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a fifty day moving average price of $152.28 and a two-hundred day moving average price of $137.34. The company has a market cap of $89.64 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Analysts expect that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv 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 in the company, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. DAVENPORT & Co LLC boosted its position in shares of Fiserv by 18.0% in the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 2,002 shares during the period. Meridian Wealth Management LLC lifted its holdings in shares of Fiserv by 76.4% in the third quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 5,031 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Fiserv by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 1,859 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Fiserv by 60.4% in the third quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock valued at $246,000 after buying an additional 821 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Fiserv by 1.0% in the third quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock valued at $1,742,000 after buying an additional 147 shares during the period. Institutional investors own 90.98% of the company’s stock.

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.