Robert W. Baird Raises Fiserv (NYSE:FI) Price Target to $186.00

Fiserv (NYSE:FI) had its target price lifted by Robert W. Baird from $185.00 to $186.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other research analysts have also weighed in on the stock. Stephens boosted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a hold rating in a research note on Monday, March 25th. BNP Paribas upgraded shares of Fiserv from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. Morgan Stanley upped their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Finally, Oppenheimer upgraded shares of Fiserv from a market perform rating to an outperform rating and set a $168.00 price target on the stock in a research note on Thursday, January 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $164.33.

Fiserv Trading Up 1.7 %

Shares of NYSE:FI opened at $155.89 on Wednesday. The company’s 50-day moving average price is $152.54 and its two-hundred day moving average price is $137.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a one year low of $109.11 and a one year high of $159.99. The stock has a market capitalization of $91.21 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Fiserv will post 8.69 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred 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 owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meritage Portfolio Management bought a new position in Fiserv in the 4th quarter valued at approximately $995,000. Piscataqua Savings Bank bought a new position in Fiserv in the 4th quarter valued at approximately $67,000. GHP Investment Advisors Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $78,000. Liberty Capital Management Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new position in Fiserv in the 4th quarter valued at approximately $84,583,000. Institutional investors own 90.98% of the company’s stock.

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.