Fiserv (NYSE:FI) Given New $168.00 Price Target at Mizuho

Fiserv (NYSE:FI) had its price objective hoisted by Mizuho from $156.00 to $168.00 in a research note released on Tuesday, Benzinga reports. Mizuho currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on FI. BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research note on Wednesday, April 24th. Susquehanna raised their price target on Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research note on Monday, March 25th. Jefferies Financial Group lifted their target price on Fiserv from $150.00 to $160.00 and gave the company a hold rating in a research report on Monday, March 25th. Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, UBS Group lifted their target price on Fiserv from $170.00 to $185.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $164.83.

Fiserv Price Performance

NYSE:FI opened at $152.77 on Tuesday. The firm has a market capitalization of $89.39 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.23 and a beta of 0.92. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The business has a 50 day simple moving average of $153.46 and a 200-day simple moving average of $142.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. Equities analysts forecast that Fiserv will post 8.69 EPS for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fiserv

Several large investors have recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new position in Fiserv in the first quarter worth approximately $25,000. West Oak Capital LLC purchased a new position in Fiserv in the fourth quarter worth approximately $27,000. ZRC Wealth Management LLC purchased a new position in Fiserv in the first quarter worth approximately $32,000. Halpern Financial Inc. purchased a new position in Fiserv in the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the fourth quarter worth approximately $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

About Fiserv

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.