Fiserv (NYSE:FI) Price Target Raised to $239.00 at Oppenheimer

Fiserv (NYSE:FI) had its price target boosted by Oppenheimer from $214.00 to $239.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

FI has been the topic of a number of other reports. Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. BTIG Research started coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. UBS Group upped their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Tigress Financial raised their price target on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets boosted their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Stock Up 0.2 %

NYSE:FI opened at $202.26 on Thursday. The stock has a 50-day simple moving average of $207.06 and a 200 day simple moving average of $178.47. Fiserv has a one year low of $131.41 and a one year high of $223.23. The company has a market capitalization of $115.07 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last issued its quarterly earnings results 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 over the last three months. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of institutional investors have recently bought and sold shares of the company. Sanders Capital LLC bought a new position in shares of Fiserv in the 3rd quarter valued at approximately $764,543,000. FMR LLC increased its holdings in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the period. Maj Invest Holding A S bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. Institutional investors and hedge funds 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.