Fiserv (NYSE:FI) PT Raised to $225.00

Fiserv (NYSE:FI) had its price target boosted by analysts at KeyCorp from $180.00 to $225.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price target suggests a potential upside of 10.70% from the company’s current price.

Several other analysts have also issued reports on FI. Wells Fargo & Company increased their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen increased their price objective on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. BTIG Research started coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Price Performance

NYSE:FI opened at $203.26 on Wednesday. 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 $118.93 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50. The firm’s 50-day simple moving average is $179.29 and its 200 day simple moving average is $162.09.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share. As a group, sell-side analysts predict that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock worth $40,934,217 over the last quarter. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after buying an additional 1,306,901 shares in the last quarter. Capital World Investors increased its holdings in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S purchased a new stake in shares of Fiserv in the third quarter worth approximately $172,993,000. Manning & Napier Advisors LLC bought a new position in shares of Fiserv in the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. grew its holdings in Fiserv by 1,642.5% during the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares in the last quarter. 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.