Fiserv (NYSE:FI) PT Raised to $175.00

Fiserv (NYSE:FI) had its target price upped by equities research analysts at TD Cowen from $167.00 to $175.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price target would suggest a potential upside of 14.69% from the stock’s current price.

Several other analysts have also recently weighed in on FI. B. Riley lifted their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Barclays raised their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. UBS Group boosted their price objective on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

Fiserv Stock Performance

Shares of NYSE:FI traded down $2.81 on Wednesday, hitting $152.58. The company had a trading volume of 1,105,856 shares, compared to its average volume of 2,533,238. The stock has a market cap of $89.83 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.22 and a beta of 0.91. The stock has a 50 day moving average price of $152.14 and a 200 day moving average price of $137.23. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 EPS. Analysts expect that Fiserv will post 8.63 EPS for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FI. Hollencrest Capital Management grew its stake in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the fourth quarter worth $27,000. Institutional investors and hedge funds 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.