Fiserv (NYSE:FI) PT Raised to $200.00 at Robert W. Baird

Fiserv (NYSE:FI) had its price target hoisted by Robert W. Baird from $186.00 to $200.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an overweight rating in a report on Thursday, July 25th. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They issued a buy rating and a $200.00 target price on the stock. William Blair upgraded Fiserv to a strong-buy rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an outperform rating in a report on Thursday, July 25th. Finally, StockNews.com cut shares of Fiserv from a buy rating to a hold rating in a research report on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of Moderate Buy and a consensus target price of $174.88.

Fiserv Trading Down 0.3 %

Shares of Fiserv stock opened at $176.80 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $167.11 and its 200-day simple moving average is $157.22. The stock has a market cap of $101.79 billion, a P/E ratio of 33.05, a P/E/G ratio of 1.45 and a beta of 0.93. Fiserv has a 1-year low of $109.11 and a 1-year high of $179.53.

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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the business earned $1.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on 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 of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at about $25,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $31,000. ZRC Wealth Management LLC purchased a new stake in Fiserv in the 1st quarter valued at $32,000. Finally, Quarry LP purchased a new stake in Fiserv in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.