Fiserv (NYSE:FI) PT Raised to $182.00

Fiserv (NYSE:FI) had its price objective increased by TD Cowen from $175.00 to $182.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other research firms have also weighed in on FI. StockNews.com raised Fiserv from a hold rating to a buy rating in a report on Wednesday, June 26th. Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the company a buy rating in a report on Wednesday, April 24th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a report on Tuesday, May 21st. KeyCorp boosted their price objective on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Finally, BMO Capital Markets boosted their price objective on Fiserv from $168.00 to $175.00 and gave the stock an outperform rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $172.29.

Fiserv Trading Up 2.5 %

Shares of Fiserv stock opened at $159.94 on Thursday. Fiserv has a 52-week low of $109.11 and a 52-week high of $162.47. The stock’s 50-day simple moving average is $151.29 and its 200 day simple moving average is $150.04. The stock has a market capitalization of $93.58 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted 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. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, research analysts anticipate that Fiserv will post 8.73 EPS for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the company’s 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly 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 is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s 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 completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders sold a total of 50,800 shares of company stock worth $7,696,448 over the last quarter. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of the stock. Wright Investors Service Inc. grew its stake in shares of Fiserv by 97.9% in the second quarter. Wright Investors Service Inc. now owns 6,175 shares of the business services provider’s stock worth $920,000 after acquiring an additional 3,054 shares during the last quarter. Zimmermann Investment Management & Planning LLC grew its stake in shares of Fiserv by 19.9% in the second quarter. Zimmermann Investment Management & Planning LLC now owns 3,527 shares of the business services provider’s stock worth $526,000 after acquiring an additional 586 shares during the last quarter. Trajan Wealth LLC grew its stake in shares of Fiserv by 6.7% in the second quarter. Trajan Wealth LLC now owns 142,596 shares of the business services provider’s stock worth $21,253,000 after acquiring an additional 8,933 shares during the last quarter. Conning Inc. grew its stake in shares of Fiserv by 2.1% in the second quarter. Conning Inc. now owns 4,187 shares of the business services provider’s stock worth $624,000 after acquiring an additional 86 shares during the last quarter. Finally, Simmons Bank purchased a new stake in shares of Fiserv in the second quarter worth $227,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.