Fiserv, Inc. (NYSE:FI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Fiserv, Inc. (NYSE:FIGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-six brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $215.25.

Several research analysts have commented on FI shares. Robert W. Baird upped 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. Barclays increased their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley raised their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday.

Check Out Our Latest Research Report on FI

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in FI. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter worth about $764,543,000. FMR LLC lifted its holdings in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new stake in Fiserv during the third quarter worth approximately $172,993,000. Manning & Napier Advisors LLC acquired a new position in Fiserv during the second quarter valued at approximately $105,031,000. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 1.6 %

Shares of Fiserv stock opened at $207.26 on Friday. Fiserv has a twelve month low of $130.27 and a twelve month high of $223.23. The stock has a market capitalization of $117.91 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 1.65 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $203.11 and its 200-day simple moving average is $174.76.

Fiserv (NYSE:FIGet Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.96 earnings per share. Equities research analysts forecast that Fiserv will post 8.77 earnings per share for the current year.

Fiserv Company Profile

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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.

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Analyst Recommendations for Fiserv (NYSE:FI)

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