Fiserv (NYSE:FI) Given “Equal Weight” Rating at Stephens

Stephens restated their equal weight rating on shares of Fiserv (NYSE:FI) in a report issued on Wednesday, Benzinga reports. The firm currently has a $165.00 price target on the business services provider’s stock.

Several other equities research analysts have also weighed in on FI. BMO Capital Markets raised their target price on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Fiserv from $158.00 to $180.00 and gave the stock an outperform rating in a research report on Wednesday. KeyCorp lifted their price target on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Susquehanna lifted their price target on Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research report on Monday, March 25th. Finally, B. Riley lifted their price target on Fiserv from $176.00 to $180.00 and gave the company a buy rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Price Performance

Shares of NYSE FI opened at $155.89 on Wednesday. The stock’s 50-day moving average is $152.54 and its two-hundred day moving average is $137.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the company earned $1.58 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that Fiserv will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv in the fourth quarter worth about $5,885,279,000. Capital World Investors purchased a new stake in shares of Fiserv in the fourth quarter worth about $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the fourth quarter worth about $960,592,000. Finally, Veritas Asset Management LLP purchased a new stake in shares of Fiserv in the fourth quarter worth about $927,298,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.