Fiserv (NYSE:FI) Stock Rating Reaffirmed by Stephens

Stephens reaffirmed their equal weight rating on shares of Fiserv (NYSE:FI) in a report released on Wednesday, Benzinga reports. They currently have a $165.00 price target on the business services provider’s stock.

A number of other analysts have also issued reports on FI. Mizuho reaffirmed a buy rating and set a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. Evercore ISI reaffirmed an outperform rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. KeyCorp lifted their target price on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the stock a hold rating in a research report on Wednesday, February 7th. Finally, B. Riley lifted their target price on Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Trading Up 1.7 %

Shares of FI opened at $155.89 on Wednesday. The stock’s 50-day moving average is $152.54 and its two-hundred day moving average is $137.74. The stock has a market cap of $91.21 billion, a PE ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Equities analysts forecast that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of Fiserv during the third quarter worth approximately $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Fiserv during the fourth quarter worth approximately $5,885,279,000. Capital World Investors acquired a new position in shares of Fiserv during the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv during the fourth quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Fiserv during the fourth quarter worth approximately $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.