Fiserv Inc. (NYSE:FI) shares traded 0.89% higher at $124.05 on Wall Street last session.
In accordance with the data, 37 analysts cover Fiserv Inc. (NYSE:FI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $160.00 and a low of $111.00, we find $134.00. Given the previous closing price of $122.95, this indicates a potential upside of 8.99 percent. FI stock price is now 5.00% away from the 50-day moving average and 14.60% away from the 200-day moving average. The market capitalization of the company currently stands at $76.25B.
It has been rated a hold by 11 analysts and a buy by 20. Brokers who have rated the stock have averaged $135.01 as their price target over the next twelve months.
With the price target of $148, B. Riley Securities recently initiated with Buy rating for Fiserv Inc. (NYSE: FI).
Insiders disposed of 4,490,255 shares of company stock worth roughly $557.02 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FI stock. A new stake in Fiserv Inc. shares was purchased by EGERTON CAPITAL (UK) LLP during the first quarter worth $434,076,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $104,305,000 in shares of FI during the first quarter. In the first quarter, SAMLYN CAPITAL, LLC acquired a new stake in Fiserv Inc. valued at approximately $80,566,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in FI for approximately $76,992,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in FI valued at around $47,615,000 in the second quarter. In total, there are 1,876 active investors with 92.50% ownership of the company’s stock.
Fiserv Inc. (NYSE: FI) opened at $123.01 on Thursday. During the past 12 months, Fiserv Inc. has had a low of $87.80 and a high of $123.81. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.10, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $97.38B, which is based on a 32.81 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for FI is $118.14 and a two-hundred day moving average price translates $108.25 for the stock.
The latest earnings results from Fiserv Inc. (NYSE: FI) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at $1.58, beating analysts’ expectations of $1.57 by 0.01. This compares to $1.04 EPS in the same period last year. The net profit margin was 13.40% and return on equity was 7.90% for FI. The company reported revenue of $4.55 billion for the quarter, compared to $4.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.88 percent. For the current quarter, analysts expect FI to generate $4.55B in revenue.
Fiserv Inc.(FI) Company Profile
Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution’s general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.
