Fiserv (NYSE:FI) Stock Rating Reaffirmed by Stephens

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

Several other analysts have also issued reports on FI. StockNews.com assumed coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a buy rating for the company. Mizuho reiterated a buy rating and issued a $156.00 target price on shares of Fiserv in a research note on Wednesday, March 27th. BMO Capital Markets upped their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a research note on Monday, March 25th. Finally, Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an overweight rating in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of Moderate Buy and a consensus price target of $164.33.

Fiserv Stock Down 2.0 %

Fiserv stock opened at $152.25 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average is $152.28 and its 200 day moving average is $137.34. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market capitalization of $89.64 billion, a PE ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently bought and sold shares of FI. DAVENPORT & Co LLC lifted its position in Fiserv by 18.0% during the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock valued at $1,483,000 after purchasing an additional 2,002 shares during the last quarter. Meridian Wealth Management LLC increased its stake in shares of Fiserv by 76.4% in the third quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock worth $1,312,000 after buying an additional 5,031 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Fiserv by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after buying an additional 1,859 shares during the period. Private Trust Co. NA increased its stake in shares of Fiserv by 60.4% in the third quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after buying an additional 821 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Fiserv by 1.0% in the third quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after buying an additional 147 shares during the period. 90.98% of the stock is currently owned by institutional investors.

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.