Fiserv Inc. (NYSE:FI) finished Friday with a subtraction of -$0.59 to close at $112.96, a downside of -0.52 percent. An average of 2,344,280 shares of common stock have been traded in the last five days. There was a fall of -$3.12 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 2,361,955 shares traded, while the 50-day average volume stands at 2,267,670.
FI stock has decreased by -7.86% in the last month. The company shares reached their 1-month lowest point of $112.40 on 09/27/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $91.55 and a high of $130.74 in 52 weeks. It has reached a new high 30 times so far this year and achieved 11.76% or $11.89 in price. In spite of this, the price is down -13.60% from the 52-week high.
Insider Transactions
FI stock investors should be aware that Fiserv Inc. (FI) stock had its last reported insider trading activity 29 days ago on Sep 01. In this transaction, the insider spent $822,960. Chief Operating Officer, Chiarello Guy, disposed of 6,750 shares at a price of $125.75 on Aug 01. The insider now owns more than $848,812 worth of shares. Prior to that, Chief Operating Officer Chiarello Guy went on to Sale 6,750 shares at $124.58 each on Jul 05. An amount of $840,915 was transacted.
Valuation Metrics
Fiserv Inc. (FI) has a trailing price-to-earnings (P/E) ratio of 28.49. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.73, the price-to-book (PB) ratio at 2.30, and the price-to-cash flow ratio at 19.56.
Financial Health
The quick ratio of Fiserv Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.75 and a total debt to equity ratio of 0.78 for the quarter ending June 29. Its gross profit as reported stood at $9.74 billion compared to revenue of $17.74 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fiserv Inc.’s return on assets was 3.24%.
Earnings Surprise
For the three-month period that ended June 29, Fiserv Inc. had $22.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $683.0 million in the quarter, while revenues were grew 12.45%. The analyst consensus anticipated Fiserv Inc.’s latest quarter earnings to come in at $1.79 per share, but it turned out to be $1.81, a 1.10% surprise. For the quarter, EBITDA amounted to $1.94 billion. Shareholders own equity worth $609.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fiserv Inc. (FI) price momentum. RSI 9-day as of the close on 29 September was 16.42%, suggesting the stock is oversold, with historical volatility in this time frame at 10.71%.
As of today, FI’s price is $114.07 -2.69% or -$3.12 from its 5-day moving average. FI is currently trading -6.94% lower than its 20-day SMA and -5.47% lower than its 100-day SMA. However, the stock’s current price level is -12.69% below the SMA50 and +10.24% above the SMA200.
The stochastic %K and %D were 7.90% and 6.42%, respectively, and the average true range (ATR) was 1.64. With the 14-day stochastic at 5.48% and the average true range at 1.64, the RSI (14) stands at 22.96%. The stock has reached -2.71 on the 9-day MACD Oscillator while the 14-day reading was at -4.69.
Analyst Ratings
B. Riley Securities launched coverage on Fiserv Inc. (NYSE: FI) in its analyst report released on June 23, 2023. The firm assigned the stock a Buy rating. The consensus rating for Fiserv Inc. (FI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FI, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 18 others rate it as a “buy”.
What is FI’s price target for the next 12 months?
Analysts predict a range of price targets between $111.00 and $170.00, with a median target of $145.00. Taking a look at these predictions, the average price target given by analysts for Fiserv Inc. (FI) stock is $143.00.
