Fiserv, Inc. (NYSE:FI) Receives $224.20 Average PT from Brokerages

Shares of Fiserv, Inc. (NYSE:FI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, twenty-one have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $221.84.

FI has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada set a $237.00 price objective on Fiserv in a research note on Friday, April 25th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th.

Fiserv Stock Down 0.9%

Shares of FI stock traded down $1.41 on Friday, reaching $159.33. 8,233,731 shares of the company's stock traded hands, compared to its average volume of 3,136,547. The business's 50 day moving average price is $192.34 and its two-hundred day moving average price is $207.55. The company has a market capitalization of $88.34 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv has a 12-month low of $146.25 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $1.88 EPS. The business's revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Fiserv will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Activity

In other news, 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 now owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after acquiring an additional 48,413 shares during the last quarter. LaFleur & Godfrey LLC boosted its stake in shares of Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after purchasing an additional 75 shares during the period. Daymark Wealth Partners LLC boosted its stake in shares of Fiserv by 41.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 1,581 shares of the business services provider's stock worth $325,000 after purchasing an additional 462 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Fiserv by 4.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 6,755 shares of the business services provider's stock worth $1,388,000 after purchasing an additional 295 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Fiserv by 7.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 64,287 shares of the business services provider's stock valued at $13,206,000 after buying an additional 4,196 shares during the period. Hedge funds and other 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.