Fiserv, Inc. (NYSE:FI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Fiserv, Inc. (NYSE:FIGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $153.04.

A number of equities analysts have recently issued reports on FI shares. BMO Capital Markets upped their price objective on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Mizuho upped their price target on Fiserv from $150.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, B. Riley upped their price target on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th.

Get Our Latest Report on Fiserv

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Robert W. Hau sold 188,088 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $132.77, for a total transaction of $24,972,443.76. Following the completion of the transaction, the chief financial officer now owns 133,491 shares in the company, valued at $17,723,600.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert W. Hau sold 188,088 shares of Fiserv stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $132.77, for a total transaction of $24,972,443.76. Following the completion of the sale, the chief financial officer now owns 133,491 shares of the company’s stock, valued at $17,723,600.07. The transaction 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 that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The disclosure for this sale can be found here. Insiders sold 277,367 shares of company stock worth $38,579,641 over the last 90 days. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently made changes to their positions in the stock. Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. 89.69% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock opened at $156.29 on Monday. The business’s fifty day simple moving average is $146.50 and its 200 day simple moving average is $131.51. The firm has a market capitalization of $92.27 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. Fiserv has a 12 month low of $109.11 and a 12 month high of $157.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. As a group, analysts anticipate that Fiserv will post 8.63 EPS for the current year.

About Fiserv

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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.

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Analyst Recommendations for Fiserv (NYSE:FI)

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