Analysts’ Weekly Ratings Updates for Fiserv (FI)

by · The Cerbat Gem

A number of research firms have changed their ratings and price targets for Fiserv (NYSE: FI):

  • 10/29/2024 – Fiserv had its price target raised by analysts at Tigress Financial from $190.00 to $244.00. They now have a “buy” rating on the stock.
  • 10/24/2024 – Fiserv had its price target raised by analysts at Mizuho from $183.00 to $222.00. They now have an “outperform” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at JPMorgan Chase & Co. from $199.00 to $227.00. They now have an “overweight” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at KeyCorp from $180.00 to $225.00. They now have an “overweight” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at Wells Fargo & Company from $215.00 to $220.00. They now have an “overweight” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at Royal Bank of Canada from $183.00 to $224.00. They now have an “outperform” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at The Goldman Sachs Group, Inc. from $188.00 to $208.00. They now have a “neutral” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at TD Cowen from $200.00 to $230.00. They now have a “buy” rating on the stock.
  • 10/23/2024 – Fiserv had its price target raised by analysts at UBS Group AG from $185.00 to $240.00. They now have a “buy” rating on the stock.
  • 10/22/2024 – Fiserv had its price target raised by analysts at Jefferies Financial Group Inc. from $195.00 to $200.00. They now have a “hold” rating on the stock.
  • 10/22/2024 – Fiserv had its price target raised by analysts at Citigroup Inc. from $187.00 to $226.00.
  • 10/18/2024 – Fiserv had its price target raised by analysts at Susquehanna from $190.00 to $230.00. They now have a “positive” rating on the stock.
  • 10/18/2024 – Fiserv had its price target raised by analysts at Stephens from $170.00 to $200.00. They now have an “equal weight” rating on the stock.
  • 10/16/2024 – Fiserv had its price target raised by analysts at Jefferies Financial Group Inc. from $160.00 to $195.00. They now have a “hold” rating on the stock.
  • 10/15/2024 – Fiserv had its price target raised by analysts at Morgan Stanley from $177.00 to $220.00. They now have an “overweight” rating on the stock.
  • 10/10/2024 – Fiserv had its price target raised by analysts at Barclays PLC from $185.00 to $215.00. They now have an “overweight” rating on the stock.
  • 10/2/2024 – Fiserv had its price target raised by analysts at BMO Capital Markets from $175.00 to $191.00. They now have an “outperform” rating on the stock.
  • 10/2/2024 – Fiserv had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $183.00 price target on the stock.
  • 10/2/2024 – Fiserv had its price target raised by analysts at TD Cowen from $182.00 to $200.00. They now have a “buy” rating on the stock.
  • 10/1/2024 – Fiserv is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $203.00 price target on the stock.
  • 9/26/2024 – Fiserv was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 9/23/2024 – Fiserv had its price target raised by analysts at Robert W. Baird from $186.00 to $200.00. They now have an “outperform” rating on the stock.
  • 9/5/2024 – Fiserv was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Fiserv Trading Up 0.7 %

Shares of Fiserv stock traded up $1.40 during mid-day trading on Friday, hitting $199.30. 168,707 shares of the stock were exchanged, compared to its average volume of 2,466,551. The stock has a market capitalization of $113.39 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $114.32 and a twelve month high of $204.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $183.22 and a 200 day simple moving average of $163.96.

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

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This 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 related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following 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 over the last quarter. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the 1st quarter valued at $25,000. Clean Yield Group raised its position in Fiserv by 431.3% in 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 during the period. Cedar Mountain Advisors LLC lifted its stake 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 purchasing an additional 57 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Fiserv in the second quarter valued at about $31,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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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