Fiserv (NYSE:FI) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Fiserv, Inc. (NYSE:FI)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $182.35 and traded as high as $207.26. Fiserv shares last traded at $205.42, with a volume of 1,416,823 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FI shares. Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Citigroup raised their target price on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, UBS Group upped their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $222.88.

Fiserv Stock Up 0.9 %

The company’s fifty day simple moving average is $209.10 and its 200 day simple moving average is $182.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.26 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business posted $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 in the last three months. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanders Capital LLC purchased a new position in shares of Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC raised its stake in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv during the 3rd quarter valued at $172,993,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 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.