Fiserv (NYSE:FI) Reaches New 12-Month High – Still a Buy?

Fiserv, Inc. (NYSE:FI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $234.53 and last traded at $234.16, with a volume of 311384 shares traded. The stock had previously closed at $230.60.

Analyst Ratings Changes

A number of analysts have recently commented on FI shares. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Price Performance

The firm’s fifty day moving average price is $212.66 and its 200 day moving average price is $197.48. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $133.48 billion, a PE ratio of 43.53, a P/E/G ratio of 1.53 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Institutional Trading of Fiserv

Several hedge funds have recently modified their holdings of the company. Soros Capital Management LLC grew its position in Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank boosted its holdings in shares of Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $4,709,000. Trust Co. of Vermont raised its holdings in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv during the fourth quarter worth $97,254,000. 90.98% of the stock is 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.