Tigress Financial Forecasts Strong Price Appreciation for Fiserv (NYSE:FI) Stock

Fiserv (NYSE:FIGet Free Report) had its price objective hoisted by stock analysts at Tigress Financial from $190.00 to $244.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Tigress Financial’s price objective suggests a potential upside of 22.12% from the stock’s current price.

FI has been the topic of several other reports. Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. BMO Capital Markets increased their target price on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Check Out Our Latest Research Report on FI

Fiserv Stock Down 0.6 %

Fiserv stock opened at $199.80 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $113.67 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.53 and a beta of 0.93. The firm has a 50 day moving average price of $182.64 and a 200-day moving average price of $163.72. Fiserv has a twelve month low of $113.11 and a twelve month high of $204.50.

Fiserv (NYSE:FIGet Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Fiserv will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,890 shares of company stock valued at $40,934,217. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv in the first quarter worth $25,000. Family Firm Inc. purchased a new position in shares of Fiserv in the second quarter valued at about $31,000. Clean Yield Group raised its stake in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the first quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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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.

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