Fiserv (NYSE:FI) PT Raised to $168.00 at BMO Capital Markets

Fiserv (NYSE:FI) had its price objective raised by BMO Capital Markets from $163.00 to $168.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 9.60% from the stock’s previous close.

FI has been the subject of a number of other research reports. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. KeyCorp upped their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday. Stephens upped their price objective on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Truist Financial upped their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, Barclays upped their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Price Performance

Shares of FI opened at $153.29 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a 50 day simple moving average of $152.39 and a 200 day simple moving average of $137.45. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The firm has a market capitalization of $90.25 billion, a PE ratio of 28.65, a P/E/G ratio of 1.27 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Fiserv will post 8.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Fiserv during the 1st quarter worth $433,000. Latitude Advisors LLC grew its holdings in shares of Fiserv by 7.5% during the 1st quarter. Latitude Advisors LLC now owns 1,641 shares of the business services provider’s stock worth $262,000 after purchasing an additional 114 shares in the last quarter. Focused Investors Fund L P acquired a new stake in shares of Fiserv during the 1st quarter worth $181,556,000. TRUE Private Wealth Advisors grew its holdings in shares of Fiserv by 2.5% during the 1st quarter. TRUE Private Wealth Advisors now owns 4,862 shares of the business services provider’s stock worth $777,000 after purchasing an additional 119 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Fiserv by 0.9% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,283 shares of the business services provider’s stock worth $17,785,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors 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.