Fiserv (NYSE:FI) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Fiserv (NYSE:FI) from a hold rating to a buy rating in a research report report published on Wednesday.

Several other brokerages have also commented on FI. TD Cowen raised their price objective on shares of Fiserv from $167.00 to $175.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Mizuho raised their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a report on Tuesday, May 21st. KeyCorp raised their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a report on Monday, April 22nd. UBS Group lifted their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a buy rating in a report on Wednesday, April 24th. Finally, Stephens reiterated an equal weight rating and set a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $165.44.

Fiserv Stock Up 0.6 %

NYSE FI opened at $149.72 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $87.60 billion, a PE ratio of 27.99, a PEG ratio of 1.20 and a beta of 0.93. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The business’s 50-day moving average is $150.71 and its 200 day moving average is $146.87.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business posted $1.58 earnings per share. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Fiserv will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,729 shares of company stock valued at $7,611,991. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently modified their holdings of the business. Cooper Financial Group grew its position in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares during the period. Quent Capital LLC lifted its stake in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock valued at $1,563,000 after buying an additional 73 shares in the last quarter. BSW Wealth Partners lifted its stake in shares of Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after buying an additional 76 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Fiserv by 13.7% during the 1st quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock valued at $105,000 after buying an additional 79 shares in the last quarter. 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.