Fiserv, Inc. (NYSE:FI) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Fiserv, Inc. has received a consensus rating of "Moderate Buy" from twenty-six research firms, with the average one-year price target set at $207.08.
• Analysts have recently decreased their price targets for Fiserv, with JPMorgan lowering it from $210.00 to $190.00, while Mizuho cut theirs from $194.00 to $165.00.
• Fiserv reported $2.47 earnings per share for the last quarter, surpassing analysts' expectations, and experienced an 8.0% year-over-year revenue increase totaling $5.20 billion.

Fiserv, Inc. (NYSE:FI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $207.0769.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. KeyCorp reduced their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price target on the stock. Jefferies Financial Group cut their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Finally, BMO Capital Markets lowered their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th.

Fiserv Price Performance

Shares of FI traded up $0.40 during trading hours on Thursday, reaching $133.10. 3,927,627 shares of the company's stock traded hands, compared to its average volume of 4,497,122. The stock has a market cap of $72.35 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv has a 12 month low of $128.22 and a 12 month high of $238.59. The firm's 50 day simple moving average is $160.58 and its 200-day simple moving average is $190.74.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Equities analysts expect that Fiserv will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after purchasing an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC grew its holdings in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC raised its stake in Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares during the period. E Fund Management Co. Ltd. grew its position in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock valued at $323,000 after purchasing an additional 55 shares during the period. Finally, Oakworth Capital Inc. raised its holdings in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after acquiring an additional 56 shares during the period. Institutional investors own 90.98% of the company's stock.

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.