Fiserv (NYSE:FI) Coverage Initiated by Analysts at Compass Point

Equities research analysts at Compass Point assumed coverage on shares of Fiserv (NYSE:FI) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $278.00 price target on the business services provider’s stock. Compass Point’s target price points to a potential upside of 29.21% from the stock’s current price.

FI has been the topic of a number of other reports. B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets increased their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group upped their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Stephens raised their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $214.29.

Fiserv Price Performance

FI stock opened at $215.15 on Wednesday. The stock’s 50 day moving average is $193.02 and its two-hundred day moving average is $169.59. Fiserv has a 52-week low of $121.86 and a 52-week high of $216.93. The company has a market capitalization of $122.40 billion, a PE ratio of 41.38, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 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 the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,821 shares of company stock worth $44,299,745. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds have recently made changes to their positions in FI. ORG Partners LLC lifted its position in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares in the last quarter. Maxwell Wealth Strategies Inc. raised its holdings in shares of Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Park Place Capital Corp boosted its position in Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Radnor Capital Management LLC purchased a new position in Fiserv in the third quarter valued at about $1,543,000. Finally, BDF Gestion purchased a new stake in shares of Fiserv during the 2nd quarter worth about $2,981,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.