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

Fiserv (NYSE:FI) had its target price hoisted by BMO Capital Markets from $175.00 to $191.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

FI has been the subject of several other research reports. Royal Bank of Canada reissued an outperform rating and set a $183.00 price target on shares of Fiserv in a report on Wednesday. Morgan Stanley raised shares of Fiserv from an equal weight rating to an overweight rating and boosted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. StockNews.com upgraded shares of Fiserv from a hold rating to a buy rating in a research note on Thursday, September 26th. BTIG Research assumed coverage on Fiserv in a research report on Wednesday, August 28th. They set a buy rating and a $200.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Fiserv from $176.00 to $199.00 and gave the company an overweight rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $177.64.

Fiserv Stock Up 1.1 %

Shares of NYSE:FI opened at $185.42 on Wednesday. Fiserv has a 1-year low of $109.11 and a 1-year high of $185.51. The company’s fifty day moving average is $170.71 and its two-hundred day moving average is $158.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $108.49 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93.

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, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.81 earnings per share. Equities analysts anticipate that Fiserv will post 8.74 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 over the last three months. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cooper Financial Group boosted its stake in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the period. Quent Capital LLC boosted its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Fielder Capital Group LLC grew its stake in Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares in the last quarter. Andina Capital Management LLC increased its position in Fiserv by 3.1% in the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its stake in shares of Fiserv by 3.0% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after purchasing an additional 72 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.