Fiserv (NYSE:FI) Price Target Increased to $200.00 by Analysts at TD Cowen

Fiserv (NYSE:FI) had its price objective upped by TD Cowen from $182.00 to $200.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 10.03% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday. KeyCorp lifted their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets lifted their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $177.64.

Fiserv Price Performance

FI stock traded up $0.46 during mid-day trading on Wednesday, reaching $181.77. The company’s stock had a trading volume of 888,337 shares, compared to its average volume of 2,456,110. The stock has a market cap of $106.35 billion, a PE ratio of 33.91, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $182.08. The company’s 50 day moving average is $169.23 and its two-hundred day moving average is $158.22.

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

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,890 shares of company stock valued at $36,572,057. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv during the 1st quarter worth $25,000. ZRC Wealth Management LLC acquired a new position in Fiserv during the 1st quarter worth $32,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv in the 1st quarter valued at about $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.