Fiserv (NYSE:FI) Given New $186.00 Price Target at Robert W. Baird

Fiserv (NYSE:FI) had its price target increased by equities research analysts at Robert W. Baird from $185.00 to $186.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 19.71% from the stock’s current price.

Several other research firms have also issued reports on FI. Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Royal Bank of Canada increased their price objective on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Barclays increased their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, BMO Capital Markets increased their price objective on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.83.

Fiserv Stock Performance

NYSE FI opened at $155.38 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $91.48 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.22 and a beta of 0.91. The firm’s 50 day simple moving average is $152.14 and its 200 day simple moving average is $137.23. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.09. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. As a group, research analysts expect that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last three months. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently bought and sold shares of FI. Hollencrest Capital Management grew its holdings in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the fourth quarter worth $27,000. GW&K Investment Management LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.