Fiserv (NYSE:FI) Price Target Raised to $191.00 at BMO Capital Markets

Fiserv (NYSE:FI) had its price target increased by analysts at BMO Capital Markets from $175.00 to $191.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 4.17% from the company’s previous close.

FI has been the topic of a number of other research reports. KeyCorp increased their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Oppenheimer initiated coverage on Fiserv in a research report on Tuesday. They issued an “outperform” rating and a $203.00 target price on the stock. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.64.

Fiserv Stock Performance

Shares of FI stock opened at $183.36 on Wednesday. The company has a fifty day moving average price of $170.20 and a two-hundred day moving average price of $158.56. Fiserv has a one year low of $109.11 and a one year high of $183.56. The stock has a market cap of $107.28 billion, a P/E ratio of 34.27, a P/E/G ratio of 1.45 and a beta of 0.93. 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 issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. As a group, equities analysts predict that Fiserv will post 8.74 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the 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 completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock worth $36,572,057 over the last 90 days. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv in the 1st quarter valued at approximately $25,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv in the fourth quarter worth $27,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter valued at $31,000. ZRC Wealth Management LLC bought a new position in Fiserv during the 1st quarter worth $32,000. Finally, Quarry LP acquired a new position in Fiserv during the 4th quarter worth about $36,000. 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.