Fiserv (NYSE:FI) PT Raised to $199.00

Fiserv (NYSE:FI) had its price target increased by JPMorgan Chase & Co. from $176.00 to $199.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

FI has been the topic of a number of other reports. TD Cowen boosted their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a buy rating in a report on Thursday, July 25th. Stephens reiterated an equal weight rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods lifted their target price on Fiserv from $178.00 to $184.00 and gave the stock an outperform rating in a report on Thursday, July 25th. KeyCorp boosted their target price on Fiserv from $170.00 to $180.00 and gave the stock an overweight rating in a research report on Thursday, July 25th. Finally, Morgan Stanley raised Fiserv from an equal weight rating to an overweight rating and lifted their price target for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $173.25.

Fiserv Price Performance

Shares of NYSE:FI opened at $169.81 on Tuesday. The stock’s 50 day moving average price is $156.72 and its 200 day moving average price is $153.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $99.36 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.31 and a beta of 0.92. Fiserv has a 12 month low of $109.11 and a 12 month high of $169.97.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS. Equities research analysts anticipate that Fiserv will post 8.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 93,690 shares of company stock valued at $14,833,215 in the last three months. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cooper Financial Group boosted its position in Fiserv by 3.1% in the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the last quarter. Quent Capital LLC boosted its holdings in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares during the last quarter. Fielder Capital Group LLC increased its position in Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after purchasing an additional 68 shares during the period. Andina Capital Management LLC raised its holdings in Fiserv by 3.1% during the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in Fiserv by 3.0% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after purchasing an additional 72 shares during the period. 90.98% of the stock is owned by 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.