Fiserv, Inc. (NYSE:FI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Fiserv, Inc. (NYSE:FI) have received an average rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $158.21.

Several equities analysts have commented on FI shares. Morgan Stanley raised their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Barclays raised their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th.

Fiserv Stock Performance

NYSE FI opened at $146.91 on Friday. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day moving average of $151.72 and a 200-day moving average of $136.10. The stock has a market cap of $86.49 billion, a PE ratio of 29.38, a P/E/G ratio of 1.20 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 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv will post 8.62 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last quarter. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently made changes to their positions in FI. AMI Investment Management Inc. grew its stake in shares of Fiserv by 33.6% in the 1st quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after acquiring an additional 7,047 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Fiserv by 10.4% in the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock worth $936,000 after acquiring an additional 870 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Fiserv by 158.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock worth $98,000 after acquiring an additional 590 shares in the last quarter. Prudential PLC bought a new position in Fiserv during the first quarter valued at about $1,095,000. Finally, Sequoia Financial Advisors LLC bought a new position in Fiserv during the first quarter valued at about $357,000. Institutional investors own 90.98% of the company’s stock.

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.