Fiserv (NYSE:FI) PT Raised to $170.00

Fiserv (NYSE:FI) had its price target increased by KeyCorp from $160.00 to $170.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets increased their price target on Fiserv from $152.00 to $157.00 and gave the stock an outperform rating in a report on Thursday, February 8th. Stephens raised their price objective on Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. BNP Paribas upgraded Fiserv from a neutral rating to an outperform rating in a report on Wednesday, January 10th. Evercore ISI restated an outperform rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Finally, Robert W. Baird raised their price objective on Fiserv from $168.00 to $185.00 and gave the stock an outperform rating in a report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Price Performance

NYSE:FI opened at $153.29 on Monday. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91. 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 $152.39 and a 200-day simple moving average of $137.45. 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 (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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the company earned $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts forecast that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv 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 transaction of $9,801,484.00. Following the sale, 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 the SEC website. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently bought and sold shares of FI. TRUE Private Wealth Advisors grew its position in Fiserv by 2.5% in the first quarter. TRUE Private Wealth Advisors now owns 4,862 shares of the business services provider’s stock worth $777,000 after acquiring an additional 119 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Fiserv by 0.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,283 shares of the business services provider’s stock worth $17,785,000 after acquiring an additional 1,000 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Fiserv during the first quarter worth $280,000. Albert D Mason Inc. boosted its position in shares of Fiserv by 0.7% during the first quarter. Albert D Mason Inc. now owns 20,263 shares of the business services provider’s stock worth $3,238,000 after buying an additional 144 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Fiserv by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 63,738 shares of the business services provider’s stock worth $10,187,000 after buying an additional 4,703 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.