Fiserv (NYSE:FI) Price Target Raised to $176.00 at JPMorgan Chase & Co.

Fiserv (NYSE:FI) had its target price raised by JPMorgan Chase & Co. from $169.00 to $176.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. Stephens restated an equal weight rating and issued a $165.00 price objective on shares of Fiserv in a report on Wednesday, April 24th. Royal Bank of Canada upped their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. BMO Capital Markets increased their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. B. Riley increased their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Finally, UBS Group increased their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $172.29.

Fiserv Stock Performance

Shares of FI stock opened at $159.94 on Thursday. The firm’s 50 day moving average price is $151.29 and its 200-day moving average price is $150.04. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a one year low of $109.11 and a one year high of $162.47. The firm has a market cap of $93.58 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.30 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping 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 firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period 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. As a group, equities research analysts predict that Fiserv will post 8.73 EPS for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 in the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $25,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $30,000. 90.98% of the stock is 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.