BMO Capital Markets Boosts Fiserv (NYSE:FI) Price Target to $191.00

Fiserv (NYSE:FI) had its price objective hoisted by BMO Capital Markets from $175.00 to $191.00 in a research note released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on FI. Citigroup upgraded shares of Fiserv to a strong-buy rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an overweight rating in a report on Thursday, July 25th. Oppenheimer started coverage on Fiserv in a research note on Tuesday, October 1st. They issued an outperform rating and a $203.00 price objective on the stock. BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They set a buy rating and a $200.00 target price for the company. Finally, TD Cowen raised their target price on Fiserv from $175.00 to $182.00 and gave the company a buy rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $177.64.

Fiserv Trading Up 1.1 %

Fiserv stock opened at $185.42 on Wednesday. Fiserv has a one year low of $109.11 and a one year high of $185.51. The company’s fifty day moving average price is $170.71 and its two-hundred day moving average price is $158.82. 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 company has a market capitalization of $108.49 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.45 and a beta of 0.93.

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 analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on 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 of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,890 shares of company stock worth $36,572,057. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the first quarter worth $25,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the 4th quarter worth about $27,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter worth about $31,000. ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at about $32,000. Finally, Quarry LP bought a new position in shares of Fiserv in the fourth quarter worth about $36,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.