B. Riley Increases Fiserv (NYSE:FI) Price Target to $180.00

Fiserv (NYSE:FI) had its price objective raised by research analysts at B. Riley from $176.00 to $180.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. B. Riley’s target price would suggest a potential upside of 17.42% from the stock’s previous close. B. Riley also issued estimates for Fiserv’s Q2 2024 earnings at $2.07 EPS and FY2025 earnings at $10.27 EPS.

FI has been the subject of a number of other research reports. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Stephens increased their price target on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Price Performance

Shares of NYSE FI opened at $153.29 on Wednesday. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a 50 day simple moving average of $152.39 and a two-hundred day simple moving average of $137.45. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Fiserv will post 8.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently modified their holdings of FI. Hollencrest Capital Management increased its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in shares of Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the 4th quarter worth $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the 4th quarter worth $27,000. 90.98% of the stock is currently owned by 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.