Evercore ISI Reaffirms “Outperform” Rating for Fiserv (NYSE:FI)

Evercore ISI reaffirmed their outperform rating on shares of Fiserv (NYSE:FI) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $185.00 price objective on the business services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Mizuho raised their target price on shares of Fiserv from $150.00 to $156.00 and gave the company a buy rating in a research note on Thursday, January 18th. BNP Paribas raised shares of Fiserv from a neutral rating to an outperform rating in a report on Wednesday, January 10th. Susquehanna raised their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a report on Monday, March 25th. Tigress Financial raised their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a buy rating in a report on Friday, December 22nd. Finally, Stephens raised their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $155.83.

Fiserv Price Performance

Shares of FI stock opened at $159.82 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $94.36 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.30 and a beta of 0.91. The company’s 50-day simple moving average is $148.20 and its two-hundred day simple moving average is $132.39. Fiserv has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the firm earned $1.91 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv will post 8.62 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.20% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Several institutional investors have recently modified their holdings of FI. Vanguard Group Inc. acquired a new position in Fiserv during the third quarter worth about $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new position in Fiserv during the fourth quarter worth about $5,885,279,000. Dodge & Cox purchased a new position in Fiserv during the fourth quarter worth about $4,631,675,000. Capital World Investors purchased a new position in Fiserv during the fourth quarter worth about $2,329,623,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Fiserv during the fourth quarter worth about $960,592,000. 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.