Fiserv (NYSE:FI) Price Target Raised to $168.00

Fiserv (NYSE:FI) had its price target increased by stock analysts at BMO Capital Markets from $163.00 to $168.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 8.12% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. KeyCorp upped their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna upped their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Truist Financial upped their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley upped their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $158.29.

Fiserv Trading Up 4.4 %

Shares of FI stock opened at $155.38 on Wednesday. The stock has a 50-day simple moving average of $152.14 and a 200 day simple moving average of $137.23. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a market capitalization of $91.48 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.09. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the business. Piscataqua Savings Bank acquired a new position in Fiserv in the fourth quarter worth $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $7,071,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $84,583,000. Finally, Graypoint LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $3,732,000. Institutional investors and hedge funds 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.