Fiserv (NYSE:FI) Hits New 52-Week High at $177.24

Fiserv, Inc. (NYSE:FI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $177.24 and last traded at $176.73, with a volume of 162982 shares traded. The stock had previously closed at $175.23.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. William Blair upgraded Fiserv to a "strong-buy" rating in a research report on Wednesday, July 24th. KeyCorp lifted their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Citigroup raised shares of Fiserv to a "strong-buy" rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on Fiserv from $176.00 to $199.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 20th. Six equities research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.32.

Fiserv Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company's fifty day moving average price is $165.74 and its 200 day moving average price is $156.54. The firm has a market capitalization of $104.61 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 EPS. Equities research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company's stock, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold 66,890 shares of company stock valued at $10,853,407 in the last quarter. Corporate insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently modified their holdings of FI. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv during the fourth quarter valued at approximately $5,885,279,000. Capital World Investors acquired a new stake in Fiserv during the 4th quarter valued at $2,329,623,000. Veritas Asset Management LLP purchased a new stake in shares of Fiserv in the fourth quarter valued at $927,298,000. Parnassus Investments LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $900,674,000. Finally, Northern Trust Corp purchased a new position in shares of Fiserv during the fourth quarter valued at $784,200,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile

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.