Brokerages Set Fiserv, Inc. (NYSE:FI) PT at $158.21

Fiserv, Inc. (NYSE:FI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $157.79.

Several analysts have commented on FI shares. Mizuho reiterated a “buy” rating and set a $156.00 target price on shares of Fiserv in a research note on Wednesday, March 27th. KeyCorp increased their price objective on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird lifted their price objective on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays upped their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Fiserv during the third quarter valued at approximately $5,705,241,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Fiserv during the fourth quarter worth $5,885,279,000. Capital World Investors purchased a new stake in shares of Fiserv during the fourth quarter valued at $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in shares of Fiserv in the fourth quarter worth about $960,592,000. Finally, Veritas Asset Management LLP purchased a new position in Fiserv in the 4th quarter worth about $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 4.4 %

Shares of NYSE FI opened at $155.38 on Friday. The stock has a market cap of $91.48 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The firm has a 50-day moving average of $152.14 and a 200 day moving average of $137.23.

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