Susquehanna Raises Fiserv (NYSE:FI) Price Target to $230.00

Fiserv (NYSE:FI) had its price target boosted by Susquehanna from $190.00 to $230.00 in a research note published on Friday, MarketBeat.com reports. They currently have a positive rating on the business services provider’s stock.

A number of other research analysts also recently commented on FI. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. TD Cowen boosted their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $187.92.

Fiserv Stock Performance

Fiserv stock opened at $197.15 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $115.35 billion, a PE ratio of 36.85, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a 50 day moving average price of $177.77 and a 200-day moving average price of $161.51. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $198.86.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. As a group, equities analysts forecast that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the first quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Fiserv in the second quarter worth about $31,000. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. 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.