Citigroup Boosts Fiserv (NYSE:FI) Price Target to $180.00

Fiserv (NYSE:FI) had its target price raised by Citigroup from $171.00 to $180.00 in a research report report published on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the business services provider’s stock.

FI has been the topic of several other reports. BNP Paribas upgraded shares of Fiserv from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. Evercore ISI restated an outperform rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Barclays raised their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research report on Monday, April 1st. B. Riley raised their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Jefferies Financial Group raised their target price 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. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Stock Performance

Shares of Fiserv stock opened at $155.89 on Wednesday. The firm has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $152.54 and its two-hundred day moving average is $137.90.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hourglass Capital LLC acquired a new position in shares of Fiserv during the 1st quarter worth $259,000. Pinnacle Associates Ltd. raised its stake in shares of Fiserv by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,905 shares of the business services provider’s stock worth $2,702,000 after buying an additional 237 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Fiserv by 21.9% during the 1st quarter. Trueblood Wealth Management LLC now owns 2,547 shares of the business services provider’s stock worth $407,000 after buying an additional 458 shares during the last quarter. Northwest Bancshares Inc. raised its stake in shares of Fiserv by 58.8% during the 1st quarter. Northwest Bancshares Inc. now owns 4,036 shares of the business services provider’s stock worth $645,000 after buying an additional 1,495 shares during the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Fiserv during the 1st quarter worth $180,000. Institutional investors and hedge funds 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.