TD Cowen Boosts Fiserv (NYSE:FI) Price Target to $200.00

Fiserv (NYSE:FI) had its price target upped by TD Cowen from $182.00 to $200.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other analysts also recently weighed in on the stock. William Blair raised shares of Fiserv to a strong-buy rating in a research report on Wednesday, July 24th. BMO Capital Markets boosted their price objective on shares of Fiserv from $175.00 to $191.00 and gave the company an outperform rating in a report on Wednesday. StockNews.com upgraded Fiserv from a hold rating to a buy rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. boosted their price target on Fiserv from $176.00 to $199.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird raised their price objective on Fiserv from $186.00 to $200.00 and gave the stock an outperform rating in a research note on Monday, September 23rd. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $177.64.

Fiserv Stock Up 1.1 %

Shares of Fiserv stock opened at $185.42 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market cap of $108.49 billion, a P/E ratio of 34.66, a PEG ratio of 1.45 and a beta of 0.93. The firm’s 50 day moving average price is $170.71 and its 200-day moving average price is $158.82. Fiserv has a 52-week low of $109.11 and a 52-week high of $185.51.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred 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 directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock valued at $36,572,057 over the last quarter. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FI. Wellington Shields & Co. LLC acquired a new position in Fiserv during the 1st quarter worth about $25,000. RE Dickinson Investment Advisors LLC acquired a new position in Fiserv in the 4th quarter valued at about $27,000. Family Firm Inc. purchased a new stake in Fiserv during the second quarter worth about $31,000. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv during the first quarter worth about $32,000. Finally, Quarry LP purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $36,000. 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.