Barclays Raises Fiserv (NYSE:FI) Price Target to $215.00

Fiserv (NYSE:FI) had its price objective raised by Barclays from $185.00 to $215.00 in a report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets boosted their price objective on Fiserv from $175.00 to $191.00 and gave the stock an outperform rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on Fiserv from $180.00 to $190.00 and gave the stock an overweight rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $178.00 to $184.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Citigroup upgraded Fiserv to a strong-buy rating in a research note on Thursday, July 25th. Finally, William Blair upgraded Fiserv to a strong-buy rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $178.84.

Fiserv Stock Performance

Shares of FI stock opened at $190.35 on Thursday. The stock has a market cap of $111.37 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business has a 50-day simple moving average of $173.30 and a 200-day simple moving average of $159.91. 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 52-week low of $109.11 and a 52-week high of $191.23.

Fiserv (NYSE:FI) last announced its quarterly 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 return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the business earned $1.81 EPS. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Fiserv will post 8.74 EPS for the current year.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,890 shares of company stock worth $32,855,417. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in the business. Atwood & Palmer Inc. boosted its stake in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after acquiring an additional 66 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. Fielder Capital Group LLC raised its position in shares of Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after purchasing an additional 68 shares during the last quarter. Finally, Andina Capital Management LLC raised its position in shares of Fiserv by 3.1% during the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other 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.