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

Shares of Fiserv, Inc. (NYSE:FI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-seven analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $221.23.

Several analysts have issued reports on FI shares. BMO Capital Markets cut their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Piper Sandler set a $218.00 target price on shares of Fiserv in a research note on Friday, April 25th. Robert W. Baird cut their target price on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Susquehanna cut their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Finally, Jefferies Financial Group dropped their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th.

Fiserv Price Performance

FI traded up $1.23 during trading on Friday, reaching $165.65. The stock had a trading volume of 3,564,580 shares, compared to its average volume of 3,409,705. The firm has a market capitalization of $91.84 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv has a 1-year low of $154.17 and a 1-year high of $238.59. The stock has a 50 day moving average of $168.74 and a two-hundred day moving average of $197.59.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. As a group, equities analysts anticipate that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's 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 completion of the sale, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 25,385 shares of the company's stock, 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. 0.74% of the stock is owned by company insiders.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Fiserv by 48.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock valued at $485,000 after acquiring an additional 775 shares in the last quarter. AlphaQuest LLC lifted its position in Fiserv by 120.9% in the 4th quarter. AlphaQuest LLC now owns 1,610 shares of the business services provider's stock valued at $331,000 after acquiring an additional 881 shares in the last quarter. HighTower Advisors LLC lifted its position in Fiserv by 7.6% during the 4th quarter. HighTower Advisors LLC now owns 73,772 shares of the business services provider's stock worth $15,154,000 after buying an additional 5,214 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Fiserv by 8.6% during the 4th quarter. Great Lakes Advisors LLC now owns 10,845 shares of the business services provider's stock worth $2,228,000 after purchasing an additional 858 shares during the last quarter. Institutional investors and hedge funds 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.