Stephens Reaffirms Equal Weight Rating for Fiserv (NYSE:FI)

Stephens restated their equal weight rating on shares of Fiserv (NYSE:FI) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $165.00 target price on the business services provider’s stock.

A number of other equities research analysts also recently commented on FI. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a buy rating for the company. Susquehanna lifted their price target on Fiserv from $175.00 to $180.00 and gave the company a positive rating in a research report on Monday, March 25th. Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the company an overweight rating in a research report on Monday, April 1st. BMO Capital Markets lifted their price target on Fiserv from $163.00 to $168.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Truist Financial lifted their price target on Fiserv from $140.00 to $145.00 and gave the company a hold rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $164.33.

Fiserv Trading Up 1.7 %

Fiserv stock opened at $155.89 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The stock has a 50-day moving average price of $152.54 and a 200 day moving average price of $137.74.

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

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last ninety days. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hourglass Capital LLC acquired a new position in Fiserv during the first quarter worth $259,000. Pinnacle Associates Ltd. boosted its stake in Fiserv by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 16,905 shares of the business services provider’s stock worth $2,702,000 after buying an additional 237 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in Fiserv by 21.9% during the first quarter. Trueblood Wealth Management LLC now owns 2,547 shares of the business services provider’s stock worth $407,000 after buying an additional 458 shares during the last quarter. Northwest Bancshares Inc. boosted its stake in Fiserv by 58.8% during the first quarter. Northwest Bancshares Inc. now owns 4,036 shares of the business services provider’s stock worth $645,000 after buying an additional 1,495 shares during the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in Fiserv during the first quarter worth $180,000. Institutional investors and hedge funds 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.