Shares of Fiserv, Inc. (NYSE:FI – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $174.32.
Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. BTIG Research started coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th.
View Our Latest Stock Report on Fiserv
Insider Activity at Fiserv
Institutional Trading of Fiserv
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv in the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC acquired a new position in Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $27,000. Finally, Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Down 0.7 %
Fiserv stock opened at $177.61 on Monday. The firm’s 50 day moving average price is $166.23 and its two-hundred day moving average price is $156.74. The firm has a market cap of $103.92 billion, a PE ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv has a twelve month low of $109.11 and a twelve month high of $178.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.
Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 earnings per share. On average, research analysts predict that Fiserv will post 8.74 EPS 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.
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