B. Riley Raises Fiserv (NYSE:FI) Price Target to $185.00

Fiserv (NYSE:FI) had its price target hoisted by stock analysts at B. Riley from $180.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. B. Riley’s target price indicates a potential upside of 16.32% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp increased their price target on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Robert W. Baird lifted 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, April 24th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $154.00 to $175.00 in a research note on Monday. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.15.

Fiserv Stock Down 1.3 %

Shares of FI stock traded down $2.11 on Thursday, reaching $159.05. 1,890,564 shares of the company were exchanged, compared to its average volume of 2,497,744. Fiserv has a one year low of $109.11 and a one year high of $162.47. The company has a market cap of $93.06 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.27 and a beta of 0.92. The company has a 50-day moving average of $151.09 and a 200-day moving average of $149.62. 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 announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. Analysts anticipate that Fiserv will post 8.69 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock worth $7,696,448 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FI. Mutual Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $678,000. CoreCap Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $253,000. Pacer Advisors Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth about $5,221,000. Kingswood Wealth Advisors LLC purchased a new position in Fiserv during the 4th quarter valued at about $355,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $279,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.