Evercore ISI reaffirmed their outperform rating on shares of Fiserv (NYSE:FI – Free Report) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $185.00 price target on the business services provider’s stock.
A number of other research firms also recently weighed in on FI. KeyCorp raised shares of Fiserv from a sector weight rating to an overweight rating and set a $180.00 target price for the company in a research report on Monday, January 8th. Truist Financial boosted their price objective on Fiserv from $140.00 to $145.00 and gave the company a hold rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. BMO Capital Markets boosted their target price on shares of Fiserv from $152.00 to $157.00 and gave the company an outperform rating in a report on Thursday, February 8th. Finally, B. Riley lifted their price target on Fiserv from $152.00 to $176.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $155.83.
View Our Latest Stock Analysis on FI
NYSE FI traded up $1.88 on Tuesday, reaching $158.66. The company had a trading volume of 3,465,121 shares, compared to its average volume of 2,596,219. The stock has a market capitalization of $93.67 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.27 and a beta of 0.91. The company’s fifty day moving average is $146.89 and its 200 day moving average is $131.75. Fiserv has a 52-week low of $109.11 and a 52-week high of $158.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.
Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. Sell-side analysts anticipate that Fiserv will post 8.63 earnings per share for the current fiscal year.
In other news, EVP Suzan Kereere sold 1,633 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $132.88, for a total value of $216,993.04. Following the completion of the sale, the executive vice president now directly owns 47,792 shares in the company, valued at approximately $6,350,600.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Suzan Kereere sold 1,633 shares of Fiserv stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total transaction of $216,993.04. Following the completion of the transaction, the executive vice president now directly owns 47,792 shares in the company, valued at $6,350,600.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,279 shares of company stock worth $13,607,197. 1.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management increased its position in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new position in Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter valued at $27,000. GW&K Investment Management LLC purchased a new position in Fiserv during the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
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.
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