Fiserv (NYSE:FI) Price Target Increased to $185.00 by Analysts at B. Riley

Fiserv (NYSE:FI) had its price objective upped by B. Riley from $180.00 to $185.00 in a research report released on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the business services provider’s stock. B. Riley also issued estimates for Fiserv’s Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $8.75 EPS and FY2025 earnings at $10.30 EPS.

FI has been the topic of several other research reports. TD Cowen upped their price objective on Fiserv from $167.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Fiserv from a hold rating to a buy rating in a research report on Wednesday, June 26th. Royal Bank of Canada lifted their price target on shares of Fiserv from $180.00 to $183.00 and gave the company an outperform rating in a research note on Thursday. BMO Capital Markets raised their price objective on Fiserv from $168.00 to $175.00 and gave the stock an outperform rating in a report on Thursday. Finally, Mizuho increased their price target on Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $170.19.

Fiserv Stock Down 3.2 %

Shares of FI opened at $156.01 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $151.15 and a 200 day moving average of $149.67. The company has a market cap of $91.28 billion, a PE ratio of 29.16, a P/E/G ratio of 1.30 and a beta of 0.92. Fiserv has a 52-week low of $109.11 and a 52-week high of $162.47.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 EPS. On average, sell-side analysts expect that Fiserv will post 8.69 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter worth $25,000. Halpern Financial Inc. acquired a new stake in Fiserv during the 4th quarter worth about $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $30,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.