Fiserv (NYSE:FI) Coverage Initiated at Compass Point

Compass Point began coverage on shares of Fiserv (NYSE:FI) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $278.00 price objective on the business services provider’s stock.

FI has been the subject of several other research reports. Oppenheimer began coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. BMO Capital Markets boosted their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Citigroup upped their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $214.29.

Fiserv Trading Up 1.9 %

Fiserv stock opened at $221.56 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $195.77 and its two-hundred day simple moving average is $170.87. Fiserv has a 12 month low of $125.42 and a 12 month high of $222.05. The company has a market capitalization of $126.05 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Fiserv

Institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC lifted its position in Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after acquiring an additional 497 shares during the period. SkyView Investment Advisors LLC lifted its position in Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock worth $948,000 after acquiring an additional 223 shares during the period. Invst LLC acquired a new stake in Fiserv during the 3rd quarter worth about $211,000. M&T Bank Corp lifted its position in Fiserv by 12.0% during the 3rd quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after acquiring an additional 15,103 shares during the period. Finally, TCW Group Inc. lifted its position in Fiserv by 10.1% during the 3rd quarter. TCW Group Inc. now owns 739,690 shares of the business services provider’s stock worth $132,885,000 after acquiring an additional 68,144 shares during the period. 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.