Fiserv’s (FI) “Equal Weight” Rating Reaffirmed at Stephens

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

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a research note on Monday, March 25th. Oppenheimer upgraded shares of Fiserv from a market perform rating to an outperform rating and set a $168.00 target price on the stock in a research note on Thursday, January 11th. KeyCorp upped their price target on shares of Fiserv from $160.00 to $170.00 and gave the company an overweight rating in a research report on Monday, April 22nd. BNP Paribas raised shares of Fiserv from a neutral rating to an outperform rating in a research report on Wednesday, January 10th. Finally, Evercore ISI reaffirmed an outperform rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of Moderate Buy and an average target price of $164.33.

Fiserv Stock Up 1.7 %

Shares of Fiserv stock opened at $155.89 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $152.54 and its two-hundred day simple moving average is $137.90. The company has a market cap of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.26 and a beta of 0.91. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. West Oak Capital LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. ZRC Wealth Management LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $32,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. Finally, GW&K Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

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.