Fiserv (NYSE:FI) PT Raised to $244.00 at Tigress Financial

Fiserv (NYSE:FI) had its price target increased by equities research analysts at Tigress Financial from $190.00 to $244.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Tigress Financial’s price target would suggest a potential upside of 21.45% from the company’s previous close.

A number of other research firms have also commented on FI. Citigroup boosted their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Oppenheimer began coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. B. Riley raised their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Susquehanna lifted their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Stock Performance

Shares of NYSE:FI traded down $0.52 during midday trading on Tuesday, reaching $200.90. 72,379 shares of the company traded hands, compared to its average volume of 2,468,500. The firm’s fifty day moving average price is $181.35 and its two-hundred day moving average price is $163.11. The firm has a market capitalization of $115.66 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $111.53 and a 12 month high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. On average, equities analysts expect that Fiserv will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s 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 of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock valued at $40,934,217 over the last three months. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in Fiserv in the second quarter worth $31,000. Clean Yield Group grew its stake in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. ZRC Wealth Management LLC bought a new position in Fiserv in the first quarter worth $32,000. Finally, Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. 90.98% of the stock is currently owned by 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.