Fiserv, Inc. (NYSE:FI) Receives $173.25 Average Price Target from Analysts

Shares of Fiserv, Inc. (NYSE:FI) have earned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $174.32.

A number of research firms recently weighed in on FI. Wells Fargo & Company increased their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday. They issued a “buy” rating and a $200.00 target price on the stock. B. Riley boosted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Mizuho lifted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st.

Fiserv Stock Performance

NYSE:FI opened at $171.84 on Thursday. The company has a 50-day moving average of $157.53 and a 200-day moving average of $153.60. The firm has a market cap of $100.54 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a twelve month low of $109.11 and a twelve month high of $172.60.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company 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 firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. Analysts forecast that Fiserv will post 8.73 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,690 shares of company stock valued at $14,833,215. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently made changes to their positions in the business. Meritage Portfolio Management bought a new position in Fiserv during the fourth quarter worth $995,000. Norden Group LLC acquired a new position in shares of Fiserv during the first quarter valued at about $2,359,000. BlueSpruce Investments LP bought a new stake in shares of Fiserv in the fourth quarter valued at about $646,368,000. ORG Partners LLC lifted its stake in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after buying an additional 3,197 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in Fiserv during the fourth quarter worth about $584,000. 90.98% of the stock is currently owned by 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.