Fiserv (NYSE:FI) PT Raised to $220.00

Fiserv (NYSE:FI) had its target price hoisted by Morgan Stanley from $177.00 to $220.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on FI. Royal Bank of Canada restated an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.92.

Fiserv Trading Up 0.8 %

FI opened at $197.30 on Tuesday. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $115.44 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93. The company’s 50 day moving average price is $177.05 and its two-hundred day moving average price is $161.16.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, research analysts predict that Fiserv will post 8.74 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FI. Bessemer Group Inc. boosted its position in Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after purchasing an additional 1,306,901 shares during the period. Capital World Investors lifted its holdings in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S purchased a new stake in shares of Fiserv in the third quarter worth about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in shares of Fiserv in the second quarter worth about $105,031,000. Finally, American Century Companies Inc. lifted its holdings in shares of Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares in 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.