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

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

FI has been the subject of several other reports. Morgan Stanley lifted their price target on Fiserv from $133.00 to $142.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an outperform rating in a research report on Wednesday. KeyCorp raised their price target 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 shares of Fiserv in a research note on Saturday, February 3rd. They issued a buy rating for the company. Finally, Oppenheimer raised shares of Fiserv from a market perform rating to an outperform rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $164.33.

Fiserv Trading Down 2.0 %

FI stock opened at $152.25 on Wednesday. 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 price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. The company has a fifty day moving average price of $152.28 and a two-hundred day moving average price of $137.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS. Equities analysts anticipate that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC bought a new position in Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. acquired a new position in Fiserv during the 4th quarter worth about $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Institutional investors and hedge funds 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.