The Goldman Sachs Group Increases Fiserv (NYSE:FI) Price Target to $208.00

Fiserv (NYSE:FI) had its price target hoisted by investment analysts at The Goldman Sachs Group from $188.00 to $208.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 2.33% from the company’s previous close.

FI has been the subject of a number of other reports. Stephens raised their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. B. Riley upped their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird upped their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Stock Performance

NYSE:FI opened at $203.26 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $118.93 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a 1 year low of $111.53 and a 1 year high of $204.50. The stock’s 50 day simple moving average is $179.29 and its two-hundred day simple moving average is $162.09.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock worth $40,934,217 over the last quarter. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the first quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter worth $31,000. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. 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.