Fiserv, Inc. (NYSE:FI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fiserv, Inc. (NYSE:FI) have been assigned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $178.84.

Several brokerages have commented on FI. JPMorgan Chase & Co. raised their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. B. Riley upped their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen boosted their price objective on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer began coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 211,890 shares of company stock valued at $36,572,057. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Comerica Bank purchased a new stake in shares of Fiserv in the 4th quarter worth about $24,845,000. Chilton Investment Co. Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth about $1,667,000. Brevan Howard Capital Management LP purchased a new stake in shares of Fiserv in the 4th quarter worth about $1,303,000. Bragg Financial Advisors Inc purchased a new stake in shares of Fiserv in the 4th quarter worth about $9,609,000. Finally, Biltmore Family Office LLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $266,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NYSE FI opened at $187.99 on Friday. Fiserv has a 1 year low of $109.11 and a 1 year high of $188.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $109.99 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.45 and a beta of 0.93. The company has a fifty day moving average price of $172.14 and a 200-day moving average price of $159.47.

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

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.