Tigress Financial Raises Fiserv (NYSE:FI) Price Target to $244.00

Fiserv (NYSE:FI) had its target price hoisted by Tigress Financial from $190.00 to $244.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Morgan Stanley lifted their price objective on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Performance

NYSE FI opened at $197.91 on Tuesday. The stock has a market capitalization of $112.59 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 1.53 and a beta of 0.93. The business’s 50 day moving average is $183.22 and its two-hundred day moving average is $163.96. Fiserv has a 12-month low of $113.11 and a 12-month high of $204.50. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that Fiserv will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock worth $46,968,117 in the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after acquiring an additional 1,306,901 shares in the last quarter. Capital World Investors lifted its position in shares of Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv in the third quarter valued at $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv during the 2nd quarter valued at $105,031,000. Finally, American Century Companies Inc. increased its stake in Fiserv by 1,642.5% during the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares during the period. 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.