Fiserv (NYSE:FI) PT Raised to $150.00

Fiserv (NYSE:FI) had its price target lifted by Mizuho from $140.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Mizuho’s price target would suggest a potential upside of 20.89% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Argus raised their price objective on Fiserv from $140.00 to $150.00 in a research note on Thursday, July 27th. Susquehanna raised their price objective on Fiserv from $170.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. The Goldman Sachs Group reduced their price objective on Fiserv from $127.00 to $126.00 in a research note on Monday, October 16th. Finally, Morgan Stanley lifted their target price on Fiserv from $129.00 to $133.00 and gave the company an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $142.62.

Fiserv Price Performance

Shares of FI opened at $124.08 on Thursday. Fiserv has a 1 year low of $97.25 and a 1 year high of $130.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $74.47 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89. The business has a 50-day moving average of $116.62 and a 200-day moving average of $119.91.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 24th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. Fiserv had a return on equity of 14.70% and a net margin of 15.85%. The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.59 billion. As a group, equities research analysts anticipate that Fiserv will post 7.49 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 6,750 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.92, for a total transaction of $822,960.00. Following the completion of the transaction, the chief operating officer now directly owns 167,106 shares in the company, valued at $20,373,563.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders sold 20,250 shares of company stock worth $2,348,933. 18.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Confluence Wealth Services Inc. grew its stake in shares of Fiserv by 2.7% during the first quarter. Confluence Wealth Services Inc. now owns 3,236 shares of the business services provider’s stock valued at $366,000 after buying an additional 84 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Fiserv by 1.5% during the first quarter. Rehmann Capital Advisory Group now owns 5,922 shares of the business services provider’s stock valued at $669,000 after buying an additional 85 shares during the last quarter. First Manhattan Co. grew its stake in shares of Fiserv by 4.6% during the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after buying an additional 86 shares during the last quarter. Aurora Investment Counsel grew its stake in shares of Fiserv by 1.1% during the first quarter. Aurora Investment Counsel now owns 9,248 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 99 shares during the last quarter. Finally, Modera Wealth Management LLC grew its stake in shares of Fiserv by 4.3% during the first quarter. Modera Wealth Management LLC now owns 2,473 shares of the business services provider’s stock valued at $280,000 after buying an additional 103 shares during the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.