JPMorgan Chase & Co. Boosts Fiserv (NYSE:FI) Price Target to $227.00

Fiserv (NYSE:FI) had its target price hoisted by JPMorgan Chase & Co. from $199.00 to $227.00 in a research note issued to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

FI has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. Barclays raised their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.38.

Fiserv Price Performance

FI stock opened at $199.52 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $111.53 and a 12 month high of $204.50. The firm has a market cap of $114.87 billion, a P/E ratio of 38.37, a P/E/G ratio of 1.53 and a beta of 0.93. The company’s 50-day moving average price is $180.68 and its two-hundred day moving average price is $162.66.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock worth $40,934,217 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Wellington Management Group LLP bought a new stake in Fiserv during the 4th quarter valued at $3,292,000. Dynamic Advisor Solutions LLC boosted its holdings in Fiserv by 5.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after acquiring an additional 413 shares during the last quarter. Brookstone Capital Management boosted its holdings in Fiserv by 313.1% during the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after acquiring an additional 20,282 shares during the last quarter. Aspiriant LLC purchased a new position in Fiserv during the 1st quarter worth $238,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Fiserv during the 1st quarter worth $254,000. 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.