Fiserv (NYSE:FI) Given New $238.00 Price Target at Keefe, Bruyette & Woods

Fiserv (NYSE:FI) had its price target boosted by Keefe, Bruyette & Woods from $225.00 to $238.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird upped their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. BTIG Research initiated coverage on shares of Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Mizuho lifted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer started coverage on shares of Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $217.50.

Fiserv Trading Down 2.1 %

NYSE FI opened at $202.91 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $115.44 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.58 and a beta of 0.93. The firm has a 50 day simple moving average of $204.15 and a 200-day simple moving average of $175.83. Fiserv has a one year low of $131.41 and a one year high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock worth $44,299,745 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several large investors have recently modified their holdings of the stock. Forthright Family Wealth Advisory LLC acquired a new position in Fiserv in the 3rd quarter valued at $193,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $1,559,000. Synovus Financial Corp boosted its stake in shares of Fiserv by 67.4% in the third quarter. Synovus Financial Corp now owns 110,567 shares of the business services provider’s stock valued at $19,863,000 after buying an additional 44,519 shares in the last quarter. Tidal Investments LLC grew its holdings in Fiserv by 10.5% during the third quarter. Tidal Investments LLC now owns 34,032 shares of the business services provider’s stock worth $6,114,000 after acquiring an additional 3,236 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Fiserv by 332.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 17,314 shares of the business services provider’s stock valued at $3,110,000 after acquiring an additional 13,314 shares during the period. 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.