Fiserv (NYSE:FI – Free Report) had its price objective upped by Robert W. Baird from $185.00 to $186.00 in a research report released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.
A number of other equities analysts also recently issued reports on the stock. B. Riley raised their price objective on shares of Fiserv from $152.00 to $176.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Mizuho reaffirmed a buy rating and set a $156.00 price target on shares of Fiserv in a report on Wednesday, March 27th. Finally, Evercore ISI reaffirmed an outperform rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $164.33.
Fiserv Stock Up 1.7 %
Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. Analysts predict that Fiserv will post 8.69 earnings per share for the current fiscal year.
Insider Activity
In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred 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 $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.
Institutional Investors Weigh In On Fiserv
Several large investors have recently bought and sold shares of FI. Vanguard Group Inc. bought a new stake in Fiserv in the third quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD bought a new stake in Fiserv in the fourth quarter worth $5,885,279,000. Capital World Investors bought a new stake in Fiserv in the fourth quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA bought a new stake in Fiserv in the fourth quarter worth $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in Fiserv in the fourth quarter worth $927,298,000. 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.
Recommended Stories
- Five stocks we like better than Fiserv
- What Are Dividend Challengers?
- MarketBeat Week in Review – 4/22 – 4/26
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 3 Stocks Leading the U.S. Agriculture Comeback
- 3 Stocks to Consider Buying in October
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.