Fiserv (NYSE:FI) Stock Rating Reaffirmed by Mizuho

Fiserv (NYSE:FI)‘s stock had its “buy” rating restated by investment analysts at Mizuho in a report released on Wednesday, Benzinga reports. They currently have a $156.00 price target on the business services provider’s stock. Mizuho’s price objective suggests a potential downside of 2.34% from the company’s previous close.

A number of other equities research analysts have also weighed in on FI. Royal Bank of Canada boosted their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Truist Financial boosted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. StockNews.com initiated coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Stephens increased their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Fiserv Stock Performance

Shares of Fiserv stock opened at $159.74 on Wednesday. The company has a 50 day moving average of $147.77 and a 200-day moving average of $132.20. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $94.31 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. As a group, equities research analysts forecast that Fiserv will post 8.62 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the 3rd quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv during the 4th quarter worth about $5,885,279,000. Dodge & Cox acquired a new position in Fiserv during the fourth quarter worth approximately $4,631,675,000. Capital World Investors acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $2,329,623,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $960,592,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.