Fiserv (NYSE:FI) Stock Rating Reaffirmed by Stephens

Fiserv (NYSE:FI - Get Free Report)'s stock had its "equal weight" rating restated by stock analysts at Stephens in a report issued on Wednesday, Benzinga reports. They presently have a $165.00 price objective on the business services provider's stock. Stephens' target price suggests a potential upside of 8.37% from the company's current price.

Other equities research analysts have also issued research reports about the stock. B. Riley boosted their price target on shares of Fiserv from $176.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday. BNP Paribas upgraded shares of Fiserv from a "neutral" rating to an "outperform" rating in a report on Wednesday, January 10th. Jefferies Financial Group boosted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a "hold" rating in a report on Monday, March 25th. Truist Financial boosted their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets boosted their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an "outperform" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.33.

Fiserv Price Performance

Shares of NYSE FI traded down $3.14 during midday trading on Wednesday, reaching $152.25. The company's stock had a trading volume of 2,487,215 shares, compared to its average volume of 2,551,627. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $152.14 and a 200 day moving average price of $137.23. Fiserv has a one year low of $109.11 and a one year high of $159.99. The company has a market cap of $89.64 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that Fiserv will post 8.63 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider's stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Fiserv during the 4th quarter valued at $5,885,279,000. Capital World Investors acquired a new position in Fiserv during the 4th quarter valued at $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv in the 4th quarter valued at $960,592,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Fiserv in the 4th quarter valued at $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.