Fiserv (NYSE:FI) Sets New 12-Month High at $172.60

Fiserv, Inc. (NYSE:FI)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $172.60 and last traded at $172.45, with a volume of 8602 shares. The stock had previously closed at $171.83.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley raised their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley raised 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 note on Monday, July 22nd. Finally, BTIG Research started coverage on Fiserv in a research note on Wednesday. They issued a “buy” rating and a $200.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $174.32.

Fiserv Trading Up 1.0 %

The firm has a market capitalization of $102.16 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day simple moving average is $158.44 and its 200 day simple moving average is $153.86.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 earnings per share. Equities analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, 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 value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’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 owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,690 shares of company stock worth $14,833,215. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of institutional investors have recently bought and sold shares of FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $25,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. Private Wealth Management Group LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $30,000. Finally, Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $31,000. Institutional investors own 90.98% of the company’s stock.

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.