Fiserv (NYSE:FI) Price Target Raised to $200.00 at Robert W. Baird

Fiserv (NYSE:FI) had its price objective increased by Robert W. Baird from $186.00 to $200.00 in a research report sent to investors on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also recently issued reports on FI. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Fiserv from $180.00 to $183.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. StockNews.com downgraded Fiserv from a buy rating to a hold rating in a research report on Thursday, September 5th. BTIG Research began coverage on Fiserv in a report on Wednesday, August 28th. They set a buy rating and a $200.00 price target for the company. Finally, William Blair raised Fiserv to a strong-buy rating in a report on Wednesday, July 24th. Five investment 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’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of Moderate Buy and a consensus price target of $174.88.

Fiserv Price Performance

Shares of NYSE FI opened at $177.40 on Monday. 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 business’s 50 day moving average price is $167.49 and its two-hundred day moving average price is $157.35. The company has a market cap of $102.13 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Fiserv has a twelve month low of $109.11 and a twelve month high of $179.53.

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, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the firm earned $1.81 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Fiserv will post 8.74 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 in the last ninety days. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the 1st quarter worth approximately $25,000. ZRC Wealth Management LLC bought a new position in shares of Fiserv during the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the fourth quarter valued at $27,000. Family Firm Inc. acquired a new position in shares of Fiserv during the second quarter worth $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Fiserv in the first quarter worth $37,000. 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.