Citigroup Issues Positive Forecast for Fiserv (NYSE:FI) Stock Price

Fiserv (NYSE:FI) had its price target increased by stock analysts at Citigroup from $230.00 to $233.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target suggests a potential upside of 14.15% from the company’s current price.

Several other research firms also recently commented on FI. Wells Fargo & Company boosted their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna upped their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.17.

Fiserv Stock Down 0.2 %

Shares of FI opened at $204.12 on Tuesday. The company has a market capitalization of $116.13 billion, a PE ratio of 39.25, a PEG ratio of 1.56 and a beta of 0.94. The stock’s 50-day moving average price is $209.69 and its two-hundred day moving average price is $186.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $135.97 and a 12 month high of $223.23.

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

Insider Activity at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the business’s 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 completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last three months. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Kimelman & Baird LLC bought a new stake in Fiserv in the second quarter worth $60,000. Oppenheimer & Co. Inc. increased its holdings in shares of Fiserv by 79.2% in the second quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider’s stock worth $1,549,000 after buying an additional 4,594 shares during the period. Parallel Advisors LLC increased its holdings in shares of Fiserv by 21.5% in the second quarter. Parallel Advisors LLC now owns 5,416 shares of the business services provider’s stock worth $807,000 after buying an additional 959 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Fiserv by 16.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,267 shares of the business services provider’s stock valued at $338,000 after acquiring an additional 318 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after acquiring an additional 225,159 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.