Jefferies Financial Group Raises Fiserv (NYSE:FI) Price Target to $200.00

Fiserv (NYSE:FI) had its target price hoisted by Jefferies Financial Group from $195.00 to $200.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

FI has been the topic of several other research reports. Royal Bank of Canada restated an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. BTIG Research began 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. Wells Fargo & Company increased their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, TD Cowen upped their price objective on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Stock Up 0.4 %

Shares of FI stock opened at $203.26 on Tuesday. The stock has a market cap of $118.93 billion, a P/E ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. The company’s fifty day simple moving average is $179.29 and its two-hundred day simple moving average is $162.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. 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 business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 227,890 shares of company stock worth $40,934,217. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in Fiserv during the 4th quarter valued at about $3,292,000. Fisher Asset Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $296,000. Dynamic Advisor Solutions LLC raised its position in shares of Fiserv by 5.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after purchasing an additional 413 shares during the last quarter. RMR Wealth Builders acquired a new stake in Fiserv in the 1st quarter worth approximately $363,000. Finally, Brookstone Capital Management grew its position in Fiserv by 313.1% during the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after purchasing an additional 20,282 shares during the last quarter. 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.