Stephens restated their overweight rating on shares of Fiserv (NYSE:FI – Free Report) in a research note published on Thursday morning,Benzinga reports. They currently have a $255.00 price target on the business services provider’s stock.
A number of other equities research analysts also recently weighed in on the stock. UBS Group boosted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley lifted their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three equities 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. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $222.88.
View Our Latest Analysis on Fiserv
Fiserv Stock Up 1.3 %
Fiserv (NYSE:FI – Get Free Report) 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. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. As a group, research analysts forecast that Fiserv will post 8.77 EPS for the current fiscal year.
Insider Buying and Selling at Fiserv
In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 in the last quarter. 0.75% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Fiserv
Hedge funds and other institutional investors have recently made changes to their positions in the company. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv in the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.
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.
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