Fiserv, Inc. (NYSE:FI) Receives $243.64 Consensus Target Price from Brokerages

Fiserv, Inc. (NYSE:FI) has earned an average recommendation of “Buy” from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twenty-one have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $243.64.

A number of analysts have commented on the stock. Barclays increased their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup upped their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. Finally, Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. lifted its position in shares of Fiserv by 8,027.3% during the third quarter. Benjamin Edwards Inc. now owns 11,622 shares of the business services provider’s stock worth $2,088,000 after purchasing an additional 11,479 shares in the last quarter. Hilltop Holdings Inc. increased its stake in Fiserv by 47.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,813 shares of the business services provider’s stock worth $865,000 after buying an additional 1,549 shares during the period. IHT Wealth Management LLC lifted its holdings in Fiserv by 31.7% in the 3rd quarter. IHT Wealth Management LLC now owns 3,056 shares of the business services provider’s stock worth $551,000 after buying an additional 735 shares in the last quarter. Redwood Grove Capital LLC boosted its position in Fiserv by 17.4% in the 3rd quarter. Redwood Grove Capital LLC now owns 105,862 shares of the business services provider’s stock valued at $19,018,000 after buying an additional 15,684 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of Fiserv by 3.7% during the third quarter. Royal London Asset Management Ltd. now owns 259,264 shares of the business services provider’s stock valued at $46,577,000 after acquiring an additional 9,274 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FI stock opened at $198.77 on Friday. Fiserv has a 52-week low of $145.98 and a 52-week high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $111.57 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business has a 50-day simple moving average of $222.85 and a 200-day simple moving average of $209.66.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts expect that Fiserv will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.