Fiserv (NYSE:FI) Price Target Raised to $222.00 at Mizuho

Fiserv (NYSE:FI - Free Report) had its price target increased by Mizuho from $183.00 to $222.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the business services provider's stock.

FI has been the subject of several other research reports. Oppenheimer started coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an "outperform" rating and a $203.00 price objective for the company. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a "buy" rating and a $200.00 target price on the stock. Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a report on Friday, October 18th. Finally, Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $202.08.

Fiserv Stock Up 0.4 %

Shares of NYSE:FI traded up $0.90 during trading on Thursday, hitting $203.26. 2,032,723 shares of the company were exchanged, compared to its average volume of 2,482,592. The stock has a market capitalization of $118.93 billion, a P/E ratio of 38.00, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 12-month low of $111.53 and a 12-month high of $204.50. The firm's 50 day moving average price is $179.29 and its 200-day moving average price is $162.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, research analysts predict that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction dated 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 directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 227,890 shares of company stock worth $40,934,217 in the last three months. Corporate insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC increased its stake in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock valued at $560,000 after acquiring an additional 51 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. West Bancorporation Inc. increased its stake in shares of Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider's stock valued at $296,000 after acquiring an additional 61 shares during the last quarter. Atwood & Palmer Inc. increased its stake in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider's stock valued at $192,000 after acquiring an additional 66 shares during the last quarter. Finally, Quent Capital LLC increased its stake in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider's stock valued at $194,000 after acquiring an additional 68 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.