Fiserv (NYSE:FI) Reaches New 52-Week High at $164.45

Fiserv, Inc. (NYSE:FI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $164.45 and last traded at $163.47, with a volume of 102740 shares trading hands. The stock had previously closed at $162.71.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Citigroup raised their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. TD Cowen raised their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Price Performance

The stock has a 50 day simple moving average of $151.52 and a two-hundred day simple moving average of $150.23. The company has a market cap of $94.49 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

Large investors have recently modified their holdings of the business. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter worth $25,000. GW&K Investment Management LLC purchased a new position in Fiserv during the fourth quarter worth $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth $27,000. Private Wealth Management Group LLC purchased a new position in Fiserv during the fourth quarter worth $30,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.