Fiserv (NYSE:FI) Sets New 1-Year High at $161.73

Fiserv, Inc. (NYSE:FI) shares hit a new 52-week high on Wednesday . The company traded as high as $161.73 and last traded at $160.48, with a volume of 984341 shares trading hands. The stock had previously closed at $157.22.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FI. BMO Capital Markets upped their price objective on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Mizuho lifted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Citigroup boosted their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. B. Riley lifted their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, 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 report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $166.76.

Fiserv Stock Performance

The firm has a fifty day simple moving average of $150.96 and a 200-day simple moving average of $149.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $94.28 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock valued at $7,696,448 over the last quarter. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in FI. Meritage Portfolio Management acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $995,000. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the 4th quarter worth $67,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $78,000. Liberty Capital Management Inc. acquired a new stake in Fiserv during the 4th quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth $84,583,000. 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.