Fiserv (NYSE:FI) Coverage Initiated by Analysts at Compass Point

Research analysts at Compass Point began coverage on shares of Fiserv (NYSE:FI) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $278.00 price target on the business services provider’s stock. Compass Point’s price target suggests a potential upside of 29.21% from the stock’s previous close.

A number of other research analysts have also issued reports on FI. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen lifted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna increased their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $214.29.

Fiserv Stock Performance

Shares of FI opened at $215.15 on Wednesday. The company’s 50 day simple moving average is $193.02 and its 200-day simple moving average is $169.59. The firm has a market cap of $122.40 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Fiserv has a 12-month low of $121.86 and a 12-month high of $216.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

Insider Transactions at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was 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 $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 over the last quarter. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter worth about $764,543,000. FMR LLC lifted its position in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S purchased a new position in Fiserv in the 3rd quarter worth approximately $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv in the second quarter valued at approximately $105,031,000. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

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.