Fiserv (NYSE:FI) Price Target Increased to $168.00 by Analysts at Mizuho

Fiserv (NYSE:FI) had its target price upped by Mizuho from $156.00 to $168.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other equities research analysts also recently weighed in on the company. TD Cowen upped their target price on Fiserv from $167.00 to $175.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on Fiserv from $175.00 to $180.00 and gave the company a positive rating in a report on Monday, March 25th. B. Riley upped their price objective on Fiserv from $176.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, April 24th. StockNews.com started coverage on Fiserv in a research note on Saturday, February 3rd. They set a buy rating on the stock. Finally, Citigroup upped their price objective on Fiserv from $171.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $164.83.

Fiserv Stock Performance

Shares of NYSE:FI opened at $150.34 on Tuesday. The firm has a market capitalization of $87.96 billion, a PE ratio of 28.10, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $153.50 and a two-hundred day moving average of $143.04. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 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 return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. As a group, research analysts forecast that Fiserv will post 8.69 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FI. Cooper Financial Group increased its holdings in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC increased its holdings in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after purchasing an additional 73 shares in the last quarter. BSW Wealth Partners increased its holdings in Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after purchasing an additional 76 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in Fiserv by 13.7% during the 1st quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock worth $105,000 after purchasing an additional 79 shares in the last quarter. 90.98% of the stock is owned by 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.