Fiserv (NYSE:FI) Price Target Raised to $168.00

Fiserv (NYSE:FI) had its price target boosted by BMO Capital Markets from $163.00 to $168.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Stephens boosted their target price on Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Evercore ISI reaffirmed an outperform rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. KeyCorp lifted their price target on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. BNP Paribas raised Fiserv from a neutral rating to an outperform rating in a research report on Wednesday, January 10th. Finally, Oppenheimer raised Fiserv from a market perform rating to an outperform rating and set a $168.00 price target on the stock in a research report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Fiserv presently has an average rating of Moderate Buy and an average target price of $164.33.

Fiserv Stock Performance

Shares of FI opened at $155.89 on Wednesday. The stock has a 50-day simple moving average of $152.54 and a 200-day simple moving average of $137.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market capitalization of $91.21 billion, a PE ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. On average, analysts predict that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following 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 document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meritage Portfolio Management purchased a new stake in shares of Fiserv in the fourth quarter valued at $995,000. Piscataqua Savings Bank purchased a new position in Fiserv during the fourth quarter worth about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv during the fourth quarter worth about $78,000. Liberty Capital Management Inc. purchased a new position in Fiserv during the fourth quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth about $84,583,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.