Fiserv (NYSE:FI) PT Raised to $220.00

Fiserv (NYSE:FI) had its price target lifted by Wells Fargo & Company from $215.00 to $220.00 in a research note released on Wednesday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other research firms have also weighed in on FI. Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective on the stock. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. TD Cowen upped their price objective on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Citigroup raised their price objective on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Finally, BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Price Performance

Shares of FI stock opened at $199.52 on Wednesday. The firm’s 50 day moving average price is $180.68 and its two-hundred day moving average price is $162.71. The stock has a market cap of $114.87 billion, a PE ratio of 38.37, a PEG ratio of 1.53 and a beta of 0.93. Fiserv has a 52-week low of $111.53 and a 52-week high of $204.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts forecast that Fiserv will post 8.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. 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 accessible through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the business’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 directly owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,890 shares of company stock worth $40,934,217. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Group LLC increased its holdings in shares of Fiserv by 3.5% in the third quarter. Cornerstone Wealth Group LLC now owns 2,303 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 78 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in Fiserv by 15.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 24,022 shares of the business services provider’s stock valued at $4,316,000 after buying an additional 3,127 shares during the last quarter. Trajan Wealth LLC grew its stake in Fiserv by 7.0% in the 3rd quarter. Trajan Wealth LLC now owns 152,547 shares of the business services provider’s stock valued at $27,405,000 after buying an additional 9,951 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Fiserv by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,583 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 75 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in shares of Fiserv by 37.7% during the third quarter. Valmark Advisers Inc. now owns 2,995 shares of the business services provider’s stock worth $538,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds 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.