Fiserv (NYSE:FI) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer started coverage on shares of Fiserv (NYSE:FI) in a report issued on Tuesday morning, Marketbeat reports. The firm issued an outperform rating and a $203.00 price objective on the business services provider’s stock.

Several other research analysts have also commented on FI. Morgan Stanley upgraded Fiserv from an equal weight rating to an overweight rating and lifted their price target for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. TD Cowen boosted their target price on shares of Fiserv from $175.00 to $182.00 and gave the company a buy rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an outperform rating in a report on Monday, September 23rd. B. Riley upped their price objective on Fiserv from $180.00 to $185.00 and gave the company a buy rating in a report on Thursday, July 25th. Finally, BMO Capital Markets increased their price objective on Fiserv from $168.00 to $175.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $177.64.

Fiserv Trading Up 1.1 %

NYSE:FI opened at $185.40 on Tuesday. The company has a market capitalization of $108.48 billion, a P/E ratio of 34.65, a PEG ratio of 1.45 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $109.11 and a 12 month high of $185.51. The firm has a fifty day simple moving average of $170.71 and a 200-day simple moving average of $158.79.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 earnings per share. On average, equities research analysts anticipate that Fiserv will post 8.74 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC acquired a new stake in Fiserv during the 3rd quarter worth $213,000. Unique Wealth LLC increased its position in shares of Fiserv by 18.6% during the third quarter. Unique Wealth LLC now owns 11,715 shares of the business services provider’s stock worth $2,105,000 after purchasing an additional 1,840 shares in the last quarter. Czech National Bank lifted its holdings in shares of Fiserv by 5.2% in the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after purchasing an additional 5,784 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Fiserv by 2.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 137,439 shares of the business services provider’s stock valued at $24,691,000 after purchasing an additional 3,251 shares during the period. Finally, Abacus Planning Group Inc. grew its stake in Fiserv by 12.3% during the 3rd quarter. Abacus Planning Group Inc. now owns 8,364 shares of the business services provider’s stock worth $1,503,000 after buying an additional 919 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.