Brokerages Set Fiserv, Inc. (NYSE:FI) Target Price at $174.32

Shares of Fiserv, Inc. (NYSE:FI) have received a consensus rating of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $174.32.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. BTIG Research started coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold 66,890 shares of company stock worth $10,853,407 over the last three months. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv in the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC acquired a new position in Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $27,000. Finally, Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.7 %

Fiserv stock opened at $177.61 on Monday. The firm’s 50 day moving average price is $166.23 and its two-hundred day moving average price is $156.74. The firm has a market cap of $103.92 billion, a PE ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv has a twelve month low of $109.11 and a twelve month high of $178.89. 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 (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business 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%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 earnings per share. On average, research analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

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.