Fiserv, Inc. (NYSE:FI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Fiserv, Inc. (NYSE:FI) has received an average rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $220.27.

A number of equities analysts recently weighed in on the company. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. BMO Capital Markets dropped their price target on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group dropped their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Tuesday, May 27th. Susquehanna dropped their price target on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, May 19th.

Fiserv Price Performance

NYSE:FI opened at $163.32 on Wednesday. The business’s 50-day moving average price is $179.98 and its 200 day moving average price is $202.78. The firm has a market cap of $90.55 billion, a P/E ratio of 28.85, a PEG ratio of 1.02 and a beta of 0.90. Fiserv has a 52-week low of $146.46 and a 52-week high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, sell-side analysts predict that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in Fiserv by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider’s stock worth $190,875,000 after buying an additional 7,183 shares during the period. Centricity Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth approximately $79,000. American National Bank & Trust increased its position in Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock worth $18,956,000 after buying an additional 1,983 shares during the period. Evercore Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth approximately $54,981,000. Finally, Union Bancaire Privee UBP SA bought a new position in Fiserv in the 4th quarter worth approximately $11,330,000. 90.98% of the stock is owned by institutional investors.

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.