Fiserv, Inc. (NYSE:FI) Given Average Rating of “Moderate Buy” by Analysts

Fiserv, Inc. (NYSE:FI) has received a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $182.92.

FI has been the topic of several research analyst reports. Robert W. Baird boosted their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods lifted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. TD Cowen lifted their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,890 shares of company stock worth $32,855,417. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FI. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Atwood & Palmer Inc. grew its stake in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares during the period. Cooper Financial Group grew its stake in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the period. Quent Capital LLC grew its stake in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares during the period. Finally, Fielder Capital Group LLC grew its stake in shares of Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after buying an additional 68 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.4 %

Shares of NYSE:FI opened at $194.02 on Friday. Fiserv has a 12-month low of $109.11 and a 12-month high of $195.83. The business’s fifty day simple moving average is $174.80 and its 200-day simple moving average is $160.39. The company has a market capitalization of $113.52 billion, a PE ratio of 36.27, a P/E/G ratio of 1.44 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 (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the business posted $1.81 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Fiserv will post 8.74 earnings per share for the current fiscal year.

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.