Morgan Stanley Boosts Fiserv (NYSE:FI) Price Target to $220.00

Fiserv (NYSE:FI) had its price objective increased by equities researchers at Morgan Stanley from $177.00 to $220.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 11.28% from the stock’s current price.

A number of other research firms have also recently commented on FI. Oppenheimer assumed coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.38.

Fiserv Trading Up 1.9 %

NYSE:FI opened at $197.70 on Tuesday. Fiserv has a one year low of $109.11 and a one year high of $197.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $115.67 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.44 and a beta of 0.93. The firm has a 50-day simple moving average of $175.63 and a 200-day simple moving average of $160.65.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Atwood & Palmer Inc. raised its stake in Fiserv by 6.6% during the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after purchasing an additional 66 shares during the period. Cooper Financial Group raised its stake in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares during the period. Quent Capital LLC raised its stake in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the period. Finally, Fielder Capital Group LLC raised its stake in Fiserv by 3.3% during 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. 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.