Capital Research & Management Co has recently announced that it has increased stake in Fiserv, Inc. (NYSE:FI) by 15.45%. After grabbing 16.39 million shares, the institutional investor is now in possession of 2.19 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.69% having worth around $1.85 billion. Moreover, Fidelity Management & Research Co increased its share by 2.21 million to have a control over 11.53 million shares.
Fiserv, Inc. (FI) concluded trading on 11/15/23 at a closing price of $125.24, with 4.23 million shares of worth about $530.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.64% during that period and on Wednesday the price saw a gain of about 2.52%. Currently the company’s common shares owned by public are about 630.00M shares, out of which, 594.96M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 37 analysts are covering the FI stock and their offered price forecasts bring an average price target of $140.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $175.00 and could fall to a lowest price of $120.00. The stock’s current price level is 11.08% above of average price target set by the analysts, while a rise to estimated low would result in loss of -4.37% for the stock. However, touching the estimated high of $175.00 would mean a gain of 28.43% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 74 times over the past 12 months. They bought 625,569 shares in 22 of the transactions. In 52 selling transactions, insiders dumped 7,647,275 shares.
Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Fiserv, Inc. Dodge & Cox Stock Fund is currently holding 23.23 million shares of worth totaling $2.62 billion. The company recently came selling 40600.0 shares which brought its stake up to 3.81% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 0.72 million shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 18.96 million shares with the mutual fund that have a worth of about $2.14 billion. Vanguard 500 Index Fund, after selling 14.65 million shares, have now control over 2.40% of the stake in the company. It holds -0.22 million shares of worth $1.65 billion.
Fiserv, Inc. (NYSE: FI) started trading at $123.18, above $1.02 from concluding price of the previous day. However, the stock later moved at a day high price of 125.68, or with a gain of 2.52%. Stock saw a price change of 4.25% in past 5 days and over the past one month there was a price change of 8.91%. Year-to-date (YTD), FI shares are showing a performance of 23.91% which increased to 25.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $97.25 but also hit the highest price of $130.74 during that period. The average intraday trading volume for Fiserv, Inc. shares is 2.49 million. The stock is currently trading 7.78% above its 20-day simple moving average (SMA20), while that difference is up 7.52% for SMA50 and it goes to 6.13% higher than SMA200.
Capital Research & Management Co acquired 16.39 million shares of Fiserv, Inc. having value of about $1.85 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 2.19 million shares in the company valued at close to $274767918.44, or have control over 15.45% stake in the company. Fiserv, Inc. (NYSE: FI) currently have 630.00M outstanding shares and institutions hold larger chunk of about 92.29% of that. Holding of mutual funds in the company is about 43.46% while other institutional holders and individual stake holders have control over 48.76% and 15.59% of the stake respectively.
The stock has a current market capitalization of $75.17B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 26.20, while it has posted earnings per share of $4.78 in the same period. Its PEG reads 1.85 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FI, volatility over the week remained 1.59% while standing at 1.90% over the month.
Analysts are in expectations that Fiserv, Inc. (FI) stock would likely to be making an EPS of $Ford Motor Company in the current quarter, while forecast for next quarter EPS is $10.47 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $C3.ai, Inc. which is $Li Auto Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Truist Financial Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.39% while it is estimated to increase by 14.16% in next year. EPS is likely to grow at an annualized rate of 14.13% for next 5-years, compared to annual growth of 6.20% made by the stock over the past 5-years.
Analysts at 37 brokerage firms have issued recommendations for the Fiserv, Inc. (FI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.86. Out of those 37 Wall Street analysts, 18 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on October 20, 2023 offering a Buy rating for the stock and assigned a target price of $140 to it.
