Fiserv (NYSE:FI) Hits New 1-Year High – Here’s Why

Fiserv, Inc. (NYSE:FI) shares reached a new 52-week high during trading on Monday . The company traded as high as $185.62 and last traded at $185.27, with a volume of 284646 shares changing hands. The stock had previously closed at $185.42.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FI shares. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. KeyCorp lifted their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.64.

Fiserv Stock Down 0.1 %

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company’s fifty day moving average price is $171.65 and its 200-day moving average price is $159.27. The stock has a market capitalization of $109.85 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the company earned $1.81 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC bought a new position in Fiserv in the 1st quarter worth $25,000. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the first quarter worth about $32,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Fiserv in the 1st quarter worth approximately $37,000. 90.98% of the stock is owned by hedge funds and other 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.