Fiserv (NYSE:FI) Stock Rating Upgraded by StockNews.com

Fiserv (NYSE:FI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research analysts also recently weighed in on FI. KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Citigroup lifted their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stephens reissued an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Susquehanna boosted their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Stock Performance

Shares of FI opened at $149.08 on Wednesday. The firm’s 50 day moving average is $150.76 and its 200-day moving average is $146.89. The stock has a market capitalization of $87.23 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. Equities research analysts anticipate that Fiserv will post 8.69 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

Several large investors have recently bought and sold shares of FI. Cooper Financial Group lifted its holdings in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Quent Capital LLC lifted its holdings in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 73 shares during the last quarter. BSW Wealth Partners lifted its holdings in Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 76 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in Fiserv by 13.7% during the 1st quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 79 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.