In yesterday’s Wall Street session, Fiserv, Inc. (NYSE:FI) shares traded at $161.16, up 2.51% from the previous session.
FI stock price is now 6.58% away from the 50-day moving average and 14.03% away from the 200-day moving average. The market capitalization of the company currently stands at $94.29B.
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With the price target of $180, Wells Fargo recently initiated with Overweight rating for Fiserv, Inc. (NYSE: FI). On January 11, 2024, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $168, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, Chiarello Guy, Chief Operating Officer sold 24,000 shares of the company’s stock on Jul 15 ’24. The stock was sold for $3,716,564 at an average price of $154.86. Upon completion of the transaction, the Chief Operating Officer now directly owns 163,699 shares in the company, valued at $26.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Chief Operating Officer Chiarello Guy sold 24,000 shares of the business’s stock. A total of $3,563,234 was realized by selling the stock at an average price of $148.47. This leaves the insider owning 163,699 shares of the company worth $26.38 million. A total of 0.78% of the company’s stock is owned by insiders.
During the past 12 months, Fiserv, Inc. has had a low of $109.11 and a high of $159.99. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.06, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $116096712704, which is based on a 30.17 price-to-earnings ratio, a 1.94 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for FI is $151.3514 and a two-hundred day moving average price translates $141.5697 for the stock.
The latest earnings results from Fiserv, Inc. (NYSE: FI) was released for 2024-03-31. The net profit margin was 16.68% and return on equity was 11.01% for FI. The company reported revenue of $4.88 billion for the quarter, compared to $4.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.39 percent.
