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

Shares of Fiserv, Inc. (NYSE:FI) have received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $207.25.

A number of equities research analysts have weighed in on FI shares. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Tigress Financial increased their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Insider Buying and Selling at Fiserv

In other 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the company’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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock worth $46,968,117 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter worth $25,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter worth $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.6 %

Shares of FI stock opened at $200.82 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $114.25 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.51 and a beta of 0.92. The stock has a 50 day simple moving average of $184.49 and a 200-day simple moving average of $164.96. Fiserv has a 1-year low of $118.42 and a 1-year high of $204.50.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Fiserv will post 8.77 EPS 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.