Fiserv (NYSE:FI) Reaches New 52-Week High – Here’s Why

by · The Cerbat Gem

Fiserv, Inc. (NYSE:FI – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $209.10 and last traded at $208.77, with a volume of 30824 shares traded. The stock had previously closed at $203.02.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird upped their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective on the stock. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Check Out Our Latest Report on Fiserv

Fiserv Trading Up 4.0 %

The stock has a market capitalization of $120.16 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day simple moving average of $185.14 and a 200-day simple moving average of $165.34.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.96 EPS. On average, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock valued at $46,968,117 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the first quarter worth $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the second quarter worth $31,000. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Fiserv

(Get Free Report)

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.

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