Fiserv (FI) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Fiserv (NYSE: FI) in the last few weeks:

• 10/10/2024 – Fiserv had its price target raised by analysts at Barclays PLC from $185.00 to $215.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Fiserv had its price target raised by analysts at BMO Capital Markets from $175.00 to $191.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Fiserv had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $183.00 price target on the stock.
• 10/2/2024 – Fiserv had its price target raised by analysts at TD Cowen from $182.00 to $200.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Fiserv is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $203.00 price target on the stock.
• 9/26/2024 – Fiserv was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/23/2024 – Fiserv had its price target raised by analysts at Robert W. Baird from $186.00 to $200.00. They now have an “outperform” rating on the stock.
• 9/5/2024 – Fiserv was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/28/2024 – Fiserv is now covered by analysts at BTIG Research. They set a “buy” rating and a $200.00 price target on the stock.
• 8/20/2024 – Fiserv had its price target raised by analysts at JPMorgan Chase & Co. from $176.00 to $199.00. They now have an “overweight” rating on the stock.

Fiserv Price Performance

Fiserv stock opened at $190.35 on Monday. The company has a market cap of $109.59 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.44 and a beta of 0.93. The firm’s fifty day moving average is $173.30 and its 200 day moving average is $159.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $191.23.

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

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last ninety days. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently modified their holdings of FI. Creative Planning increased its stake in Fiserv by 4.7% during the 3rd quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock valued at $26,661,000 after buying an additional 6,649 shares during the period. CX Institutional increased its stake in Fiserv by 16.4% during the 3rd quarter. CX Institutional now owns 56,440 shares of the business services provider’s stock valued at $10,139,000 after buying an additional 7,943 shares during the period. Harrell Investment Partners LLC increased its stake in Fiserv by 0.8% during the 3rd quarter. Harrell Investment Partners LLC now owns 14,297 shares of the business services provider’s stock valued at $2,568,000 after buying an additional 113 shares during the period. Sapient Capital LLC acquired a new position in Fiserv during the 3rd quarter valued at about $1,294,000. Finally, ORG Wealth Partners LLC acquired a new position in Fiserv during the 3rd quarter valued at about $142,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.