Fiserv (NYSE:FI) Price Target Increased to $180.00 by Analysts at Citigroup

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

Several other research firms have also recently weighed in on FI. BMO Capital Markets raised their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an outperform rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Truist Financial raised their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a hold rating in a research note on Wednesday, February 7th. Jefferies Financial Group increased their price objective 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. Finally, Stephens reiterated an equal weight rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of Moderate Buy and an average target price of $164.33.

Fiserv Stock Performance

Shares of NYSE FI opened at $155.89 on Wednesday. The firm has a fifty day moving average price of $152.54 and a 200-day moving average price of $137.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The stock has a market cap of $91.21 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

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

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hourglass Capital LLC bought a new stake in Fiserv during the 1st quarter valued at about $259,000. Pinnacle Associates Ltd. lifted its holdings in Fiserv by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,905 shares of the business services provider’s stock valued at $2,702,000 after buying an additional 237 shares in the last quarter. Trueblood Wealth Management LLC lifted its holdings in Fiserv by 21.9% during the 1st quarter. Trueblood Wealth Management LLC now owns 2,547 shares of the business services provider’s stock valued at $407,000 after buying an additional 458 shares in the last quarter. Northwest Bancshares Inc. lifted its holdings in Fiserv by 58.8% during the 1st quarter. Northwest Bancshares Inc. now owns 4,036 shares of the business services provider’s stock valued at $645,000 after buying an additional 1,495 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in Fiserv during the 1st quarter valued at about $180,000. 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.