Fiserv (NYSE:FI) Reaches New 1-Year High at $177.24

Fiserv, Inc. (NYSE:FI)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $177.24 and last traded at $176.73, with a volume of 162982 shares. The stock had previously closed at $175.23.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Morgan Stanley raised shares of 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. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company lifted their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. TD Cowen lifted their price target on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $174.32.

Fiserv Price Performance

The business’s 50-day moving average price is $166.23 and its 200 day moving average price is $156.74. The stock has a market capitalization of $103.92 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,890 shares of company stock worth $10,853,407. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in the business. Aveo Capital Partners LLC purchased a new position in Fiserv during the 4th quarter valued at about $309,000. 9258 Wealth Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $552,000. GW&K Investment Management LLC purchased a new stake in Fiserv in the fourth quarter worth $27,000. Assetmark Inc. purchased a new position in Fiserv during the 4th quarter valued at $826,000. Finally, EverSource Wealth Advisors LLC bought a new position in Fiserv in the 4th quarter worth $404,000. 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.