Fiserv (NYSE:FI) Price Target Increased to $222.00 by Analysts at Mizuho

Fiserv (NYSE:FI) had its price objective raised by analysts at Mizuho from $183.00 to $222.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Mizuho’s target price points to a potential upside of 9.71% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group upped their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Robert W. Baird lifted their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. UBS Group upped their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.08.

Fiserv Stock Performance

Fiserv stock opened at $202.36 on Thursday. The company has a market cap of $118.40 billion, a PE ratio of 37.82, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 12 month low of $111.53 and a 12 month high of $203.00. The company has a fifty day moving average price of $179.29 and a two-hundred day moving average price of $162.09. 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 (NYSE:FI) last announced its quarterly earnings data 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 business 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 company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. Research analysts expect that Fiserv will post 8.74 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,890 shares of company stock worth $32,855,417. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently added to or reduced their stakes in FI. Bessemer Group Inc. increased its stake in Fiserv by 67.2% in the 1st 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 during the last quarter. Capital World Investors increased its stake in 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 last quarter. Maj Invest Holding A S purchased a new stake in Fiserv in the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in Fiserv in the 2nd quarter valued at about $105,031,000. Finally, American Century Companies Inc. increased its stake in Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after buying an additional 471,531 shares during the last quarter. 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.