Fiserv (NYSE:FI) Price Target Raised to $227.00 at JPMorgan Chase & Co.

Fiserv (NYSE:FI) had its price objective raised by JPMorgan Chase & Co. from $199.00 to $227.00 in a report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

A number of other research firms also recently issued reports on FI. Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $183.00 price objective on shares of Fiserv in a research note on Wednesday, October 2nd. BMO Capital Markets increased their target price on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Citigroup lifted their target price on Fiserv from $187.00 to $226.00 in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.92.

Fiserv Trading Up 1.3 %

Shares of Fiserv stock opened at $202.36 on Wednesday. The stock has a 50 day moving average of $179.29 and a 200 day moving average of $162.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $118.40 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a fifty-two week low of $111.53 and a fifty-two week high of $203.00.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS. As a group, research analysts predict that Fiserv will post 8.74 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on 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 in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following 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. In the last quarter, insiders sold 187,890 shares of company stock worth $32,855,417. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of large investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of Fiserv during the second quarter worth about $31,000. Clean Yield Group increased its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter valued at approximately $32,000. Finally, Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds 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.