Fiserv (NYSE:FI) Sets New 1-Year High – Here’s What Happened

Fiserv, Inc. (NYSE:FI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $215.50 and last traded at $214.45, with a volume of 107647 shares traded. The stock had previously closed at $214.06.

Analyst Ratings Changes

Several research analysts have commented on FI shares. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Citigroup increased their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Price Performance

The firm has a market cap of $121.82 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92. The stock’s 50-day moving average is $188.98 and its 200-day moving average is $167.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Hedge funds have recently made changes to their positions in the company. Quent Capital LLC increased its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Fiserv by 18.6% in the 1st quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after purchasing an additional 1,199 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Fiserv by 3.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,801 shares of the business services provider’s stock worth $927,000 after purchasing an additional 211 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Fiserv by 26.6% in the 1st quarter. Russell Investments Group Ltd. now owns 230,776 shares of the business services provider’s stock worth $36,859,000 after purchasing an additional 48,438 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Fiserv by 0.9% in the 1st quarter. Bleakley Financial Group LLC now owns 17,775 shares of the business services provider’s stock worth $2,841,000 after purchasing an additional 155 shares in the last quarter. 90.98% of the stock is currently 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.