Fiserv (NYSE:FI) Price Target Increased to $184.00 by Analysts at Keefe, Bruyette & Woods

Fiserv (NYSE:FI) had its target price raised by Keefe, Bruyette & Woods from $178.00 to $184.00 in a report issued on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the business services provider’s stock.

Several other equities research analysts have also commented on FI. UBS Group upped their price objective on Fiserv from $170.00 to $185.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Wells Fargo & Company began coverage on Fiserv in a research report on Wednesday, June 12th. They issued an overweight rating and a $180.00 price target for the company. Mizuho lifted their price objective on Fiserv from $156.00 to $168.00 and gave the company a buy rating in a research report on Tuesday, May 21st. Barclays increased their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a report on Monday, April 1st. Finally, TD Cowen lifted their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a buy rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $172.29.

Fiserv Stock Up 2.5 %

Shares of Fiserv stock opened at $159.94 on Thursday. Fiserv has a twelve month low of $109.11 and a twelve month high of $162.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $151.29 and its 200 day moving average is $150.04. The company has a market cap of $93.58 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results 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. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. 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 previous year, the business earned $1.81 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that Fiserv will post 8.73 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold a total of 50,800 shares of company stock valued at $7,696,448 over the last 90 days. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Large investors have recently modified their holdings of the business. Meritage Portfolio Management bought a new position in Fiserv in the fourth quarter worth approximately $995,000. Piscataqua Savings Bank purchased a new position in Fiserv in the fourth quarter valued at about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv in the fourth quarter valued at about $78,000. Liberty Capital Management Inc. bought a new position in Fiserv in the fourth quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at about $84,583,000. 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.