Stephens Reiterates Equal Weight Rating for Fiserv (NYSE:FI)

Fiserv (NYSE:FI)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a report released on Wednesday, Benzinga reports. They currently have a $165.00 target price on the business services provider’s stock. Stephens’ price target would suggest a potential upside of 7.64% from the stock’s current price.

FI has been the topic of a number of other reports. Mizuho reaffirmed a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. Royal Bank of Canada upped their price target on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, KeyCorp upped their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Performance

Shares of NYSE:FI opened at $153.29 on Wednesday. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $152.39 and a 200 day moving average of $137.45.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during 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 for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 earnings per share. On average, sell-side analysts predict that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of FI. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the 3rd quarter valued at about $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv during the 4th quarter valued at about $5,885,279,000. Capital World Investors acquired a new stake in shares of Fiserv during the 4th quarter valued at about $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new position in Fiserv in the 4th quarter valued at about $960,592,000. Finally, Veritas Asset Management LLP purchased a new position in Fiserv in the 4th quarter valued at about $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile

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.