TD Cowen Boosts Fiserv (NYSE:FI) Price Target to $175.00

Fiserv (NYSE:FI) had its target price upped by stock analysts at TD Cowen from $167.00 to $175.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price target suggests a potential upside of 14.69% from the company’s previous close.

FI has been the topic of several other reports. KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com began coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Robert W. Baird lifted their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Truist Financial upped their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Fiserv Price Performance

Shares of FI traded down $2.81 during midday trading on Wednesday, reaching $152.58. The stock had a trading volume of 1,105,856 shares, compared to its average volume of 2,533,238. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $89.83 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.22 and a beta of 0.91. The firm’s 50 day moving average price is $152.14 and its 200-day moving average price is $137.23. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the company earned $1.58 EPS. Fiserv’s revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Fiserv during the 3rd quarter worth about $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv during the fourth quarter valued at approximately $5,885,279,000. Capital World Investors bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv in the 4th quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP bought a new position in shares of Fiserv during the 4th quarter worth approximately $927,298,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.