The stock of Fiserv Inc. (NYSE:FI) decreased by -$0.51 on Tuesday to finish at $120.69, down -0.42 percent. The last five days have seen an average of 2,761,740 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $19.62. The average number of shares traded over the last 20 days was 2,165,370, while the average volume over the last 50 days totaled 2,259,174.
FI stock appreciated 0.51% since last month. On 08/21/23, the company’s shares reached a one-month low of $118.57. The stock touched a high of $130.74 on 07/25/23, after rallying from a low of $91.55 in 52 weeks. The price of FI stock has risen by 19.41% or $19.62 this year, reaching a new high 30 times. Still, the stock price is down -7.69% from the 52-week high.
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Insider Transactions
FI stock investors should be aware that Fiserv Inc. (FI) stock had its last reported insider trading activity 19 days ago on Sep 01. On Sep 01, Chief Operating Officer Chiarello Guy sold 6,750 shares at $121.92 each. This transaction resulted in the insider making $822,960. On Aug 01, Chiarello Guy sold 6,750 shares at a price of US$125.75. After the transaction, the insider now owns 173,856 shares. Chief Operating Officer Chiarello Guy had earlier sold 6,750 shares on Jul 05 for $124.58 a share. The transaction was completed for $840,915.
Valuation Metrics
Fiserv Inc. (FI) has a trailing price-to-earnings (P/E) ratio of 30.44. Beta for the stock is 0.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.03, the price-to-book (PB) ratio of 2.48, and the price-to-cash flow ratio of 21.97.
Financial Health
For the three months ended June 29, Fiserv Inc.’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.75, and the total debt to equity ratio is 0.77. As far as profitability goes, gross margin for the trailing twelve months is 57.10% percent. Fiserv Inc.’s EBITDA margin for the year ended June 29 was 38.82%, whereas its operating margin stood at 22.20% for the same period. Based on annual data, it had gross profit of $9.74 billion and revenue of $17.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FI’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 6.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.30%.
Earnings Surprise
According to Fiserv Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.76 billion, while revenues rose by 6.43% to $4.55 billion. It was predicted that Fiserv Inc.’s quarterly earnings would be $1.81, but it ended up being $1.79, beating the consensus by 1.10%. EBITDA was $1.94 billion for the quarter. At the end of Fiserv Inc.’s most recent quarter ended June 29, its liabilities totaled 46.88 billion, while its total debt was $23.32 billion. Equity owned by shareholders amounts to $609.62 million.
Technical Picture
Here’s a quick look at Fiserv Inc.’s (FI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 39.89%, suggesting the stock is Neutral, with a 9.39% historical volatility rate.
The stochastic %K and %D were 20.62% and 29.12% respectively, while the average true range (ATR) was 1.46. Based on the 14-day stochastic reading of 15.51%, the RSI (14) reading is 42.28%. On the 9-day MACD Oscillator, the stock is at -0.63, and the 14-day reading is at -0.85.
Analyst Ratings
In its analyst report released on June 23, 2023, B. Riley Securities began covering Fiserv Inc. (NYSE: FI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Fiserv Inc. (FI) an Overweight rating. FI is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 19 others recommend it as a buy.
What is FI’s price target for the next 12 months?
The current consensus forecast for the stock is between $111.00 and $170.00, with a median target price of $145.00. In analyzing these forecasts, the average price target given by analysts for Fiserv Inc. (FI) is $142.54.
