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

Shares of Fiserv, Inc. (NYSE:FI) have been given an average rating of “Moderate Buy” by the twenty-three analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $157.79.

A number of brokerages recently issued reports on FI. Jefferies Financial Group upped their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. B. Riley increased their price target on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. Royal Bank of Canada increased their price objective on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, KeyCorp raised their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Piscataqua Savings Bank purchased a new position in shares of Fiserv in the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv in the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $7,071,000. Birch Hill Investment Advisors LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $84,583,000. Finally, Graypoint LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $3,732,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 4.4 %

FI opened at $155.38 on Friday. 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’s 50 day simple moving average is $152.14 and its two-hundred day simple moving average is $137.23. The firm has a market capitalization of $91.48 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.09. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. Analysts expect that Fiserv will post 8.63 EPS for the current fiscal year.

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.