Fiserv (NYSE:FI) PT Raised to $180.00 at Citigroup

Fiserv (NYSE:FI) had its target price increased by Citigroup from $171.00 to $180.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

FI has been the subject of a number of other reports. Truist Financial increased their price target on Fiserv from $140.00 to $145.00 and gave the company a hold rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price objective on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research note on Wednesday. Stephens restated an equal weight rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday. Susquehanna raised their price objective on Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research note on Monday, March 25th. Finally, BNP Paribas upgraded Fiserv from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Trading Down 2.0 %

Fiserv stock opened at $152.25 on Wednesday. The stock has a 50-day moving average of $152.28 and a two-hundred day moving average of $137.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv has a one year low of $109.11 and a one year high of $159.99. The stock has a market cap of $89.64 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91.

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

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in FI. Vanguard Group Inc. purchased a new position in Fiserv during the third quarter worth approximately $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new position in Fiserv during the fourth quarter worth approximately $5,885,279,000. Capital World Investors purchased a new position in Fiserv during the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new position in Fiserv during the fourth quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP purchased a new position in Fiserv during the fourth quarter worth approximately $927,298,000. Hedge funds and other institutional investors 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.