Brokerages Set Fiserv, Inc. (NYSE:FI) Price Target at $221.23

Shares of Fiserv, Inc. (NYSE:FI) have been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $221.23.

FI has been the subject of several recent analyst reports. Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Susquehanna decreased their target price on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a report on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $268.00 price target (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Robert W. Baird decreased their price objective on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. Finally, Wall Street Zen assumed coverage on Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating on the stock.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vega Investment Solutions bought a new position in Fiserv in the 4th quarter worth $25,000. Activest Wealth Management boosted its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $28,000. Abound Financial LLC bought a new stake in Fiserv during the 1st quarter valued at approximately $38,000. Finally, Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $37,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $164.53 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50 day moving average price of $168.74 and a 200-day moving average price of $197.59. Fiserv has a 52-week low of $154.17 and a 52-week high of $238.59. The firm has a market capitalization of $91.22 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.02 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

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.