Stocks of Fiserv, Inc. (NYSE:FI) traded higher last session on Wall Street, up 1.35% to $202.36.
FI stock price is now 13.00% away from the 50-day moving average and 28.24% away from the 200-day moving average. The market capitalization of the company currently stands at $116.50B.
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On August 28, 2024, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $200, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Simons Doyle, Director bought 40,000 shares of the company’s stock on Oct 23 ’24. The stock was bought for $8,078,943 at an average price of $201.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20 ’24, Chairman, President and CEO Bisignano Frank sold 145,000 shares of the business’s stock. A total of $25,718,036 was realized by selling the stock at an average price of $177.37. This leaves the insider owning 2,965,084 shares of the company worth $600.01 million. A total of 0.76% 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 $199.87. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.07, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $141450477568, which is based on a 39.04 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for FI is $179.0734 and a two-hundred day moving average price translates $157.8019 for the stock.
The latest earnings results from Fiserv, Inc. (NYSE: FI) was released for 2024-09-30. The net profit margin was 15.22% and return on equity was 10.69% for FI. The company reported revenue of $5.21 billion for the quarter, compared to $4.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.02 percent.
