Fiserv (NYSE:FI) Given New $180.00 Price Target at B. Riley

Fiserv (NYSE:FI) had its target price boosted by equities research analysts at B. Riley from $176.00 to $180.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. B. Riley’s price target would indicate a potential upside of 17.42% from the stock’s previous close. B. Riley also issued estimates for Fiserv’s Q2 2024 earnings at $2.07 EPS and FY2025 earnings at $10.27 EPS.

FI has been the subject of a number of other research reports. Robert W. Baird lifted their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial lifted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Stephens lifted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group lifted 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. Finally, Barclays lifted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Price Performance

Shares of FI opened at $153.29 on Wednesday. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The stock has a market cap of $90.25 billion, a PE ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The firm has a 50-day simple moving average of $152.39 and a two-hundred day simple moving average of $137.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts forecast that Fiserv will post 8.63 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business’s 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 owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently bought and sold shares of the business. Latitude Advisors LLC raised its position in Fiserv by 7.5% in the 1st quarter. Latitude Advisors LLC now owns 1,641 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 114 shares during the last quarter. Focused Investors Fund L P purchased a new stake in Fiserv in the 1st quarter valued at $181,556,000. TRUE Private Wealth Advisors raised its position in Fiserv by 2.5% in the 1st quarter. TRUE Private Wealth Advisors now owns 4,862 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 119 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Fiserv by 0.9% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,283 shares of the business services provider’s stock valued at $17,785,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in Fiserv in the 1st quarter valued at $280,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.