Mizuho Raises Fiserv (NYSE:FI) Price Target to $222.00

Fiserv (NYSE:FI) had its target price hoisted by Mizuho from $183.00 to $222.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

FI has been the subject of a number of other research reports. Citigroup boosted their target price on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird boosted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. 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, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Stock Performance

NYSE:FI opened at $199.52 on Thursday. Fiserv has a 1-year low of $111.53 and a 1-year high of $204.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The business has a 50 day moving average of $180.68 and a 200 day moving average of $162.71. The company has a market capitalization of $114.87 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 1.53 and a beta of 0.93.

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

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Fiserv news, 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 directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,890 shares of company stock worth $40,934,217. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently modified their holdings of FI. Waypoint Capital Advisors LLC increased its holdings in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. West Bancorporation Inc. grew its stake in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after acquiring an additional 61 shares during the period. Atwood & Palmer Inc. raised its holdings in shares of Fiserv by 6.6% during the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 66 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in Fiserv by 5.9% in the first 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 during the last quarter. 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.