Evercore ISI Reaffirms Outperform Rating for Fiserv (NYSE:FI)

Evercore ISI reaffirmed their outperform rating on shares of Fiserv (NYSE:FI) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $185.00 price target on the business services provider’s stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley upped their price objective on Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Stephens upped their price objective on Fiserv from $140.00 to $150.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. KeyCorp upgraded Fiserv from a sector weight rating to an overweight rating and set a $180.00 price objective for the company in a research note on Monday, January 8th. Royal Bank of Canada increased their price target on Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, Barclays increased their price target on Fiserv from $150.00 to $165.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $155.83.

Fiserv Trading Up 0.3 %

NYSE FI opened at $159.74 on Tuesday. The firm has a market capitalization of $94.31 billion, a P/E ratio of 31.95, a PEG ratio of 1.30 and a beta of 0.91. The business has a fifty day simple moving average of $147.77 and a 200 day simple moving average of $132.20. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. On average, analysts predict that Fiserv will post 8.62 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. purchased a new stake in Fiserv during the third quarter valued at $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv in the fourth quarter worth about $5,885,279,000. Dodge & Cox purchased a new stake in shares of Fiserv in the fourth quarter worth about $4,631,675,000. Capital World Investors purchased a new stake in Fiserv during the fourth quarter valued at approximately $2,329,623,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Fiserv during the fourth quarter valued at approximately $960,592,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Fiserv

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.