Fiserv (NYSE:FI) PT Raised to $183.00

Fiserv (NYSE:FI) had its target price raised by Royal Bank of Canada from $180.00 to $183.00 in a research report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an outperform rating in a research report on Thursday. Morgan Stanley upgraded shares of Fiserv from an equal weight rating to an overweight rating and boosted their target price for the company from $154.00 to $175.00 in a research report on Monday. BMO Capital Markets boosted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an overweight rating in a research report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of Moderate Buy and an average target price of $170.19.

Fiserv Price Performance

Shares of FI opened at $156.01 on Thursday. The firm has a market capitalization of $91.28 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 1-year low of $109.11 and a 1-year high of $162.47. The company’s fifty day moving average price is $151.15 and its 200-day moving average price is $149.67.

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 analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. On average, equities research analysts predict that Fiserv will post 8.69 EPS for the current year.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,800 shares of company stock valued at $7,696,448. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after buying an additional 417,459 shares during the period. Capital World Investors grew its stake in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $960,592,000. Veritas Asset Management LLP purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $927,298,000. Finally, Parnassus Investments LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $900,674,000. 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.