Fiserv’s (FI) Equal Weight Rating Reiterated at Stephens

Fiserv (NYSE:FI)‘s stock had its “equal weight” rating reissued by Stephens in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $165.00 price objective on the business services provider’s stock. Stephens’ price target points to a potential upside of 7.64% from the stock’s previous close.

A number of other equities analysts also recently weighed in on FI. KeyCorp increased their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday. Susquehanna increased their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. B. Riley raised their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, Oppenheimer raised 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. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Performance

Shares of FI opened at $153.29 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91. The company’s 50 day simple moving average is $152.39 and its 200 day simple moving average is $137.45. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. On average, sell-side analysts predict that Fiserv will post 8.63 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cooper Financial Group grew its holdings in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares in the last quarter. BSW Wealth Partners lifted its position in shares of Fiserv by 2.8% in the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after buying an additional 76 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Fiserv by 1.8% in the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $761,000 after buying an additional 87 shares during the last quarter. Apeiron RIA LLC lifted its position in shares of Fiserv by 2.9% in the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in shares of Fiserv by 4.0% in the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares during the last quarter. 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.