Fiserv (NYSE:FI) Stock Price Expected to Rise, Truist Financial Analyst Says

Fiserv (NYSE:FI - Free Report) had its target price hoisted by Truist Financial from $181.00 to $185.00 in a research report report published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the business services provider's stock.

A number of other brokerages have also weighed in on FI. BMO Capital Markets decreased their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv 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. Finally, Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.59.

Fiserv Stock Down 0.9%

Shares of FI stock traded down $1.57 during trading hours on Thursday, hitting $165.78. 3,993,573 shares of the company's stock traded hands, compared to its average volume of 3,426,082. The stock's fifty day simple moving average is $168.12 and its two-hundred day simple moving average is $197.10. Fiserv has a 12-month low of $154.17 and a 12-month high of $238.59. The stock has a market cap of $91.91 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.01 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. On average, analysts expect that Fiserv will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pure Financial Advisors LLC raised its position in Fiserv by 106.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,883 shares of the business services provider's stock worth $325,000 after purchasing an additional 972 shares during the period. Consolidated Planning Corp grew its stake in Fiserv by 6.3% in the 2nd quarter. Consolidated Planning Corp now owns 24,913 shares of the business services provider's stock worth $4,295,000 after acquiring an additional 1,480 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Fiserv by 5.1% during the second quarter. Dogwood Wealth Management LLC now owns 7,058 shares of the business services provider's stock valued at $1,203,000 after acquiring an additional 343 shares during the last quarter. First Pacific Financial purchased a new stake in Fiserv during the second quarter valued at approximately $235,000. Finally, Deltec Asset Management LLC purchased a new stake in Fiserv during the second quarter valued at approximately $1,034,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.