Fiserv, Inc. (NYSE:FI) Receives $178.84 Consensus Target Price from Brokerages

Fiserv, Inc. (NYSE:FI) has been assigned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $178.84.

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $183.00 price objective on shares of Fiserv in a research report on Wednesday, October 2nd. TD Cowen raised their price target on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, KeyCorp increased their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th.

Fiserv Stock Performance

NYSE FI opened at $190.35 on Friday. The stock has a market cap of $111.37 billion, a P/E ratio of 35.58, a PEG ratio of 1.44 and a beta of 0.93. 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 has a twelve month low of $109.11 and a twelve month high of $191.23. The company’s 50-day simple moving average is $173.30 and its 200 day simple moving average is $159.91.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, research analysts forecast that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were 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 directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock worth $32,855,417 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter worth $25,000. Clean Yield Group boosted its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new position in Fiserv during the 1st quarter valued at about $32,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Fiserv in the 1st quarter valued at about $37,000. 90.98% of the stock is currently 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.