Fiserv (NYSE:FI) Reaches New 52-Week High at $172.60

Fiserv, Inc. (NYSE:FI) hit a new 52-week high during trading on Thursday . The stock traded as high as $172.60 and last traded at $172.45, with a volume of 8602 shares trading hands. The stock had previously closed at $171.83.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen upped their price target on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. KeyCorp increased their price target on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada raised their target price on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $101.04 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 1.31 and a beta of 0.92. The business’s 50-day moving average price is $157.53 and its two-hundred day moving average price is $153.60.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Research analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold a total of 93,690 shares of company stock worth $14,833,215 in the last ninety days. 0.75% of the stock is owned by insiders.

Institutional Trading of Fiserv

Several institutional investors have recently modified their holdings of FI. International Assets Investment Management LLC acquired a new stake in Fiserv during the 4th quarter valued at approximately $26,099,000. Headlands Technologies LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $84,000. Russell Investments Group Ltd. acquired a new stake in shares of Fiserv during the fourth quarter worth $24,242,000. Retirement Systems of Alabama bought a new position in Fiserv during the fourth quarter worth $17,571,000. Finally, Silver Oak Securities Incorporated acquired a new position in Fiserv in the fourth quarter valued at $487,000. 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.