Deutsche Bank Aktiengesellschaft Begins Coverage on Fiserv (NYSE:FI)

Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv (NYSE:FI - Get Free Report) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $200.00 price target on the business services provider's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 20.64% from the company's current price.

Several other equities analysts also recently issued reports on the stock. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Redburn Atlantic reissued a "sell" rating and set a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. Finally, Wall Street Zen assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $220.59.

Fiserv Stock Performance

NYSE:FI traded down $1.57 during midday trading on Thursday, reaching $165.78. The stock had a trading volume of 3,993,573 shares, compared to its average volume of 3,431,126. Fiserv has a 1-year low of $154.17 and a 1-year high of $238.59. The firm's fifty day simple moving average is $167.76 and its 200-day simple moving average is $196.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $91.91 billion, a P/E ratio of 29.29, a PEG ratio of 1.01 and a beta of 0.91.

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

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction 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 directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was 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 in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Fiserv

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after buying an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Fiserv by 48.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after purchasing an additional 775 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Fiserv by 22.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 233,329 shares of the business services provider's stock worth $48,201,000 after purchasing an additional 42,706 shares during the last quarter. Horizon Investments LLC raised its holdings in Fiserv by 1.0% during the 4th quarter. Horizon Investments LLC now owns 7,906 shares of the business services provider's stock worth $1,624,000 after purchasing an additional 77 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Fiserv by 17.8% during the 4th quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider's stock worth $37,388,000 after purchasing an additional 27,478 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

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.