Fiserv (NYSE:FI) PT Raised to $220.00

Fiserv (NYSE:FI) had its price objective increased by Morgan Stanley from $177.00 to $220.00 in a research report report published on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

A number of other research analysts have also recently commented on FI. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. BTIG Research began coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, TD Cowen raised their target price on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.92.

Fiserv Stock Up 0.8 %

Shares of NYSE FI opened at $197.30 on Tuesday. Fiserv has a one year low of $109.11 and a one year high of $198.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $177.05 and its two-hundred day simple moving average is $161.16. The stock has a market capitalization of $115.44 billion, a P/E ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the business earned $1.81 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 in the last quarter. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently bought and sold shares of the business. Resonant Capital Advisors LLC boosted its stake in shares of Fiserv by 8.0% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the business services provider’s stock worth $518,000 after acquiring an additional 214 shares during the last quarter. Waypoint Capital Advisors LLC lifted its stake in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after buying an additional 51 shares in the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in shares of Fiserv during the 3rd quarter valued at $219,000. Blue Trust Inc. lifted its stake in shares of Fiserv by 197.1% during the 3rd quarter. Blue Trust Inc. now owns 5,490 shares of the business services provider’s stock valued at $986,000 after buying an additional 3,642 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC purchased a new position in shares of Fiserv during the 3rd quarter valued at $451,000. Hedge funds and other institutional investors 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.