Stephens Reaffirms Equal Weight Rating for Fiserv (NYSE:FI)

Fiserv (NYSE:FI)‘s stock had its “equal weight” rating restated by Stephens in a report issued on Wednesday, Benzinga reports. They presently have a $165.00 target price on the business services provider’s stock. Stephens’ target price indicates a potential upside of 8.27% from the company’s previous close.

A number of other equities analysts also recently weighed in on FI. BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a report on Thursday, January 11th. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Finally, Truist Financial boosted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.46.

Fiserv Trading Down 1.9 %

Fiserv stock traded down $2.99 during mid-day trading on Wednesday, hitting $152.40. 940,687 shares of the company’s stock were exchanged, compared to its average volume of 2,530,884. The company’s 50 day simple moving average is $152.14 and its 200-day simple moving average is $137.23. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $89.73 billion, a P/E ratio of 30.52, a PEG ratio of 1.22 and a beta of 0.91. 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) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, equities analysts anticipate that Fiserv will post 8.63 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FI. Piscataqua Savings Bank bought a new stake in shares of Fiserv during the 4th quarter worth $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv in the 4th quarter worth $78,000. Liberty Capital Management Inc. purchased a new position in Fiserv in the 4th quarter worth $7,071,000. Birch Hill Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter valued at about $84,583,000. Finally, Graypoint LLC purchased a new position in shares of Fiserv in the fourth quarter valued at about $3,732,000. 90.98% of the stock is owned by 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.