Fiserv (NYSE:FI) PT Raised to $180.00

Fiserv (NYSE:FI) had its price target lifted by stock analysts at Citigroup from $171.00 to $180.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s price target indicates a potential upside of 17.82% from the company’s previous close.

A number of other research analysts also recently commented on FI. Barclays increased their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Morgan Stanley raised their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna raised their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Down 1.7 %

Shares of Fiserv stock traded down $2.62 during trading hours on Wednesday, hitting $152.77. The company’s stock had a trading volume of 1,317,377 shares, compared to its average volume of 2,536,014. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The business has a fifty day moving average of $152.14 and a 200 day moving average of $137.23. The company has a market capitalization of $89.94 billion, a PE ratio of 30.59, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share. As a group, equities analysts forecast that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of the company. Spire Wealth Management raised its position in shares of Fiserv by 12.9% in the first quarter. Spire Wealth Management now owns 63,327 shares of the business services provider’s stock valued at $10,121,000 after purchasing an additional 7,230 shares during the period. Essex Financial Services Inc. increased its position in Fiserv by 11.2% during the first quarter. Essex Financial Services Inc. now owns 2,132 shares of the business services provider’s stock worth $341,000 after acquiring an additional 214 shares during the period. H&H Retirement Design & Management INC bought a new position in Fiserv during the first quarter worth $321,000. BSW Wealth Partners increased its position in Fiserv by 2.8% during the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after acquiring an additional 76 shares during the period. Finally, Global Retirement Partners LLC increased its position in Fiserv by 7.5% during the first quarter. Global Retirement Partners LLC now owns 9,921 shares of the business services provider’s stock worth $1,586,000 after acquiring an additional 689 shares during the period. Institutional investors own 90.98% of the company’s stock.

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.