Fiserv, Inc. (NYSE:FI) Receives $174.32 Consensus Price Target from Analysts

Fiserv, Inc. (NYSE:FI) has earned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $174.32.

FI has been the subject of several research reports. B. Riley raised their price objective 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. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, Wells Fargo & Company upped their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th.

Fiserv Stock Down 0.7 %

Shares of FI opened at $177.61 on Monday. The company has a market capitalization of $103.92 billion, a P/E ratio of 33.20, a PEG ratio of 1.38 and a beta of 0.93. Fiserv has a one year low of $109.11 and a one year high of $178.89. The business’s 50 day simple moving average is $166.23 and its 200-day simple moving average is $156.74. 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 posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the business’s 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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,890 shares of company stock valued at $10,853,407. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter valued at $27,000. RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv in the 4th quarter valued at $27,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter worth about $31,000. Finally, ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.