Fiserv (NYSE:FI) Given New $230.00 Price Target at Susquehanna

Fiserv (NYSE:FI) had its price target hoisted by Susquehanna from $190.00 to $230.00 in a research report released on Friday, MarketBeat Ratings reports. Susquehanna currently has a positive rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Oppenheimer initiated coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. KeyCorp boosted their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price 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. BTIG Research began coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.92.

Fiserv Price Performance

NYSE FI opened at $197.30 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 12-month low of $109.11 and a 12-month high of $198.86. The company has a market capitalization of $115.44 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The firm’s 50 day moving average is $177.05 and its 200-day moving average is $161.16.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the business earned $1.81 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction 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 of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock valued at $32,855,417 over the last ninety days. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at $25,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake 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 worth $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC bought a new position in shares of Fiserv during the 1st quarter worth $32,000. Finally, Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter worth $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.