Fiserv (NYSE:FI) Coverage Initiated by Analysts at BTIG Research

Equities research analysts at BTIG Research initiated coverage on shares of Fiserv (NYSE:FI) in a report released on Wednesday, Benzinga reports. The firm set a “buy” rating and a $200.00 price target on the business services provider’s stock. BTIG Research’s price objective would indicate a potential upside of 17.53% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. TD Cowen boosted their price target on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Stock Performance

Shares of FI opened at $170.17 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $157.12 and a 200-day moving average price of $153.42. The company has a market cap of $99.57 billion, a PE ratio of 31.81, a price-to-earnings-growth 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 $171.12.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, equities analysts forecast that Fiserv will post 8.73 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated 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 directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold 93,690 shares of company stock worth $14,833,215 over the last ninety days. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Institutional investors have recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the 1st quarter valued at about $25,000. GW&K Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. Private Wealth Management Group LLC purchased a new stake in Fiserv during the 4th quarter valued at about $30,000. Finally, Family Firm Inc. purchased a new stake in Fiserv during the 2nd quarter valued at about $31,000. 90.98% of the stock is 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.