Fiserv, Inc. (NYSE:FI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Fiserv, Inc. (NYSE:FI) have earned an average rating of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $207.0769.

Several equities analysts have recently issued reports on FI shares. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Stephens reduced their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada set a $237.00 price objective on Fiserv in a research note on Friday, April 25th. Finally, Susquehanna reduced their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its stake in shares of Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock worth $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust increased its stake in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after acquiring an additional 1,983 shares during the period. Evercore Wealth Management LLC bought a new position in Fiserv during the fourth quarter valued at about $54,981,000. Meridian Wealth Advisors LLC increased its stake in Fiserv by 4.1% during the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider’s stock valued at $5,933,000 after acquiring an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC increased its stake in Fiserv by 0.5% during the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider’s stock valued at $105,463,000 after acquiring an additional 2,589 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Down 0.7%

Shares of FI stock opened at $132.31 on Thursday. Fiserv has a 1 year low of $128.22 and a 1 year high of $238.59. The stock has a market cap of $71.92 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The business’s fifty day moving average is $159.40 and its 200-day moving average is $189.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period last year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

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.