Fiserv (NYSE:FI) Sets New 12-Month High at $165.73

Fiserv, Inc. (NYSE:FI)’s share price reached a new 52-week high on Thursday . The stock traded as high as $165.73 and last traded at $165.71, with a volume of 1050222 shares trading hands. The stock had previously closed at $164.03.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FI. BMO Capital Markets increased their price objective on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Citigroup raised shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, TD Cowen increased their price objective on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $97.90 billion, a PE ratio of 31.27, a PEG ratio of 1.31 and a beta of 0.92. The firm has a 50 day moving average price of $154.72 and a 200-day moving average price of $152.22.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. Research analysts expect that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,800 shares of company stock valued at $11,655,728. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth about $25,000. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $32,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. GW&K Investment Management LLC acquired a new position in Fiserv during the fourth quarter worth $27,000. Finally, Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.