Fiserv (NYSE:FI) Shares Gap Up - Time to Buy?

Fiserv, Inc. (NYSE:FI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $163.38, but opened at $169.04. Fiserv shares last traded at $168.66, with a volume of 1,634,226 shares.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. UBS Group lowered their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Truist Financial initiated coverage on shares of Fiserv in a report on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. Citigroup lowered their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Price Performance

The company has a market cap of $95.06 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. The business's 50 day moving average price is $174.80 and its 200-day moving average price is $200.95. 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the sale, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vega Investment Solutions bought a new stake in Fiserv during the fourth quarter valued at $25,000. Activest Wealth Management increased its stake in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter valued at $28,000. Abound Financial LLC bought a new stake in Fiserv during the first quarter valued at $38,000. Finally, Campbell Capital Management Inc. bought a new stake in Fiserv during the fourth quarter valued at $37,000. 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.