Fiserv (NYSE:FI) Earns Buy Rating from Analysts at Compass Point

Compass Point began coverage on shares of Fiserv (NYSE:FI) in a research report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $278.00 price objective on the business services provider’s stock.

A number of other equities analysts also recently issued reports on FI. Stephens raised their price objective on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Morgan Stanley raised their price objective on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group raised their price objective on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research assumed coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Price Performance

Shares of FI stock opened at $221.56 on Wednesday. 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 has a twelve month low of $125.42 and a twelve month high of $222.05. The company has a market cap of $126.05 billion, a P/E ratio of 42.61, a P/E/G ratio of 1.66 and a beta of 0.92. The business has a fifty day simple moving average of $195.77 and a 200 day simple moving average of $170.87.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. On average, sell-side analysts forecast that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently made changes to their positions in the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $25,000. Clean Yield Group boosted its position 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 valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position 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 valued at $34,000 after purchasing an additional 57 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Fiserv during the second quarter valued at approximately $31,000. Finally, Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter valued at approximately $40,000. 90.98% of the stock is owned by hedge funds and other 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.