Fiserv (NYSE:FI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Fiserv, Inc. (NYSE:FI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $182.35 and traded as high as $207.26. Fiserv shares last traded at $205.42, with a volume of 1,416,823 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FI. Stephens raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $220.00 to $255.00 in a report on Wednesday, December 18th. Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Fiserv Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $116.87 billion, a P/E ratio of 39.50, a PEG ratio of 1.56 and a beta of 0.93. The stock’s 50-day simple moving average is $209.05 and its two-hundred day simple moving average is $182.35.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,821 shares of company stock worth $18,581,095. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanders Capital LLC purchased a new stake in shares of Fiserv during the third quarter valued at about $764,543,000. FMR LLC lifted its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S purchased a new stake in shares of Fiserv during the third quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC lifted its position in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares during the last quarter. 90.98% of the stock is currently owned by 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.