B. Riley Boosts Fiserv (NYSE:FI) Price Target to $180.00

Fiserv (NYSE:FI) had its target price boosted by B. Riley from $176.00 to $180.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock. B. Riley also issued estimates for Fiserv’s Q2 2024 earnings at $2.07 EPS, Q3 2024 earnings at $2.25 EPS, FY2024 earnings at $8.74 EPS and FY2025 earnings at $10.27 EPS.

Several other research firms have also commented on FI. Evercore ISI reissued an outperform rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. BNP Paribas raised Fiserv from a neutral rating to an outperform rating in a research report on Wednesday, January 10th. 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. StockNews.com started coverage on Fiserv in a research report on Saturday, February 3rd. They issued a buy rating for the company. Finally, Oppenheimer raised Fiserv from a market perform rating to an outperform rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Price Performance

Shares of FI stock opened at $155.89 on Wednesday. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The stock has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. The stock has a fifty day simple moving average of $152.54 and a two-hundred day simple moving average of $137.74. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

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 during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business earned $1.58 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Fiserv will post 8.69 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last quarter. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cooper Financial Group increased its stake in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares during the last quarter. BSW Wealth Partners increased its stake in Fiserv by 2.8% during the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after acquiring an additional 76 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Fiserv by 1.8% during the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $761,000 after buying an additional 87 shares during the period. Apeiron RIA LLC boosted its position in shares of Fiserv by 2.9% during the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.