Fiserv, Inc. (NYSE:FI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Fiserv, Inc. (NYSE:FI) have been assigned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $182.92.

A number of research analysts have issued reports on the company. B. Riley lifted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Robert W. Baird boosted their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday.

Fiserv Stock Up 0.4 %

Shares of NYSE:FI opened at $194.02 on Friday. The stock has a fifty day simple moving average of $174.80 and a two-hundred day simple moving average of $160.39. The stock has a market capitalization of $113.52 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a 12-month low of $109.11 and a 12-month high of $195.83. 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 (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 earnings per share. On average, research analysts anticipate that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

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