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

Fiserv (NYSE:FI) had its price objective hoisted by TD Cowen from $167.00 to $175.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

FI has been the topic of several other reports. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research report on Monday, March 25th. UBS Group upped their price objective on shares of Fiserv from $170.00 to $185.00 and gave the stock a buy rating in a research report on Wednesday. Evercore ISI restated an outperform rating and issued a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Jefferies Financial Group upped their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a research report on Monday, March 25th. Finally, Morgan Stanley upped their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has an average rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Trading Up 1.7 %

Shares of Fiserv stock opened at $155.89 on Wednesday. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $152.54 and its 200-day moving average price is $137.74.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. On average, equities analysts expect that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, 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 and hedge funds have recently added to or reduced their stakes in the business. Meritage Portfolio Management purchased a new stake in Fiserv in the fourth quarter worth $995,000. Piscataqua Savings Bank purchased a new position in Fiserv during the fourth quarter valued at $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv during the fourth quarter valued at $78,000. Liberty Capital Management Inc. bought a new position in Fiserv in the 4th quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new position in Fiserv in the 4th quarter worth about $84,583,000. 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.