Fiserv (NYSE:FI) Earns Overweight Rating from Stephens

Fiserv (NYSE:FI)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $255.00 price target on the business services provider’s stock. Stephens’ price target indicates a potential upside of 24.14% from the company’s previous close.

FI has been the subject of several other reports. Mizuho increased their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price target on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

Fiserv Price Performance

Shares of NYSE:FI opened at $205.42 on Thursday. The company has a market capitalization of $116.87 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $209.05 and a 200-day moving average of $182.35. Fiserv has a one year low of $131.41 and a one year high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last three months. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently bought and sold shares of the stock. Waypoint Capital Advisors LLC boosted its position in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares during the period. Optas LLC grew its stake in shares of Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Covestor Ltd boosted its holdings in Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after purchasing an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. grew its position in Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 61 shares in 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.