Susquehanna Boosts Fiserv (NYSE:FI) Price Target to $230.00

Fiserv (NYSE:FI) had its target price hoisted by Susquehanna from $190.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the business services provider’s stock. Susquehanna’s price target points to a potential upside of 17.51% from the stock’s previous close.

FI has been the subject of several other research reports. BMO Capital Markets increased their price target on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their target price on shares of Fiserv from $160.00 to $195.00 and gave the stock a “hold” rating in a research note on Wednesday. KeyCorp boosted their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Three 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. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $186.46.

Fiserv Stock Performance

Shares of Fiserv stock opened at $195.73 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $176.34 and its two-hundred day moving average is $160.90. The firm has a market capitalization of $114.52 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 52 week low of $109.11 and a 52 week high of $198.86.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the business posted $1.81 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv 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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 over the last quarter. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv in the first quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth about $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC acquired a new position in Fiserv during the first quarter valued at approximately $32,000. Finally, Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.