Citigroup Boosts Fiserv (NYSE:FI) Price Target to $180.00

Fiserv (NYSE:FI) had its price objective lifted by Citigroup from $171.00 to $180.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

FI has been the subject of a number of other reports. Morgan Stanley increased their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Jefferies Financial Group increased their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a hold rating in a research report on Monday, March 25th. Evercore ISI reissued an outperform rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. BNP Paribas raised shares of Fiserv from a neutral rating to an outperform rating in a research report on Wednesday, January 10th. Finally, Susquehanna increased their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a positive rating in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $164.33.

Fiserv Trading Up 1.7 %

Shares of FI stock opened at $155.89 on Wednesday. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. 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 company has a 50-day simple moving average of $152.54 and a two-hundred day simple moving average of $137.74. The company has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that Fiserv will post 8.69 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Large investors have recently added to or reduced their stakes in the business. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter worth $27,000. ZRC Wealth Management LLC purchased a new position in Fiserv in the 1st quarter worth $32,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter worth $27,000. Finally, GW&K Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth $27,000. Hedge funds and other 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.