Fiserv (NYSE:FI) PT Raised to $200.00 at TD Cowen

Fiserv (NYSE:FI) had its price objective lifted by equities research analysts at TD Cowen from $182.00 to $200.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price would indicate a potential upside of 9.08% from the stock’s current price.

Several other research firms have also issued reports on FI. Morgan Stanley raised shares of 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 report on Monday, July 22nd. KeyCorp increased their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. B. Riley boosted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” 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 research report on Thursday, September 26th. Finally, Oppenheimer initiated coverage on shares of Fiserv in a research report on Tuesday. They set an “outperform” rating and a $203.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.64.

Fiserv Price Performance

Shares of FI opened at $183.36 on Wednesday. The stock has a market capitalization of $107.28 billion, a PE ratio of 34.27, a PEG ratio of 1.45 and a beta of 0.93. The company has a 50 day moving average price of $170.20 and a 200-day moving average price of $158.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $183.56.

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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the firm earned $1.81 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,890 shares of company stock valued at $36,572,057. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Abacus Wealth Partners LLC purchased a new stake in Fiserv during the 3rd quarter worth approximately $213,000. Unique Wealth LLC increased its position in shares of Fiserv by 18.6% during the third quarter. Unique Wealth LLC now owns 11,715 shares of the business services provider’s stock worth $2,105,000 after purchasing an additional 1,840 shares in the last quarter. Czech National Bank raised its stake in Fiserv by 5.2% in the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after purchasing an additional 5,784 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Fiserv by 2.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 137,439 shares of the business services provider’s stock valued at $24,691,000 after purchasing an additional 3,251 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in Fiserv by 12.3% during the 3rd quarter. Abacus Planning Group Inc. now owns 8,364 shares of the business services provider’s stock worth $1,503,000 after purchasing an additional 919 shares during the last quarter. 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.