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

Fiserv (NYSE:FI) had its price target upped by JPMorgan Chase & Co. from $199.00 to $227.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.47% from the company’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Citigroup raised their price objective on Fiserv from $187.00 to $226.00 in a research note on Tuesday. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price objective on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.08.

Fiserv Trading Up 1.1 %

Shares of Fiserv stock traded up $2.16 on Wednesday, hitting $201.83. 1,833,738 shares of the company’s stock traded hands, compared to its average volume of 2,475,511. The firm’s 50-day moving average price is $178.52 and its two-hundred day moving average price is $161.81. 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 stock has a market capitalization of $118.09 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv has a one year low of $111.53 and a one year high of $203.00.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of FI. Price T Rowe Associates Inc. MD raised its stake in Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after purchasing an additional 417,459 shares in the last quarter. Capital World Investors raised its position in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after buying an additional 64,332 shares during the period. Legal & General Group Plc grew its position in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after buying an additional 85,598 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake 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 during the period. 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.