Barclays Increases Fiserv (NYSE:FI) Price Target to $215.00

Fiserv (NYSE:FI) had its price objective hoisted by equities research analysts at Barclays from $185.00 to $215.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective suggests a potential upside of 12.95% from the company’s current price.

A number of other research firms have also weighed in on FI. BMO Capital Markets lifted their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. BTIG Research began coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $178.84.

Fiserv Stock Performance

Shares of FI stock opened at $190.35 on Thursday. 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 $109.59 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 52 week low of $109.11 and a 52 week high of $191.23. The firm’s 50-day simple moving average is $172.67 and its two-hundred day simple moving average is $159.67.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share 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 during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the company earned $1.81 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % 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, EVP John Gibbons sold 18,890 shares of the business’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 of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is owned by insiders.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Creative Planning raised its position in Fiserv by 4.7% in the 3rd quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock valued at $26,661,000 after purchasing an additional 6,649 shares in the last quarter. CX Institutional increased its stake in shares of Fiserv by 16.4% during the third quarter. CX Institutional now owns 56,440 shares of the business services provider’s stock worth $10,139,000 after buying an additional 7,943 shares during the period. Harrell Investment Partners LLC raised its holdings in Fiserv by 0.8% in the third quarter. Harrell Investment Partners LLC now owns 14,297 shares of the business services provider’s stock valued at $2,568,000 after acquiring an additional 113 shares in the last quarter. Sapient Capital LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $1,294,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $142,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.