Look For Institutional Buying In Fiserv, Inc (NYSE: FI)

Fiserv, Inc (FI) concluded trading on Wednesday at a closing price of $215.85, with 3.8 million shares of worth about $820.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.57% during that period and on December 04, 2024 the price saw a gain of about 0.22%. Currently the company’s common shares owned by public are about 570.00M shares, out of which, 564.64M shares are available for trading.

Stock saw a price change of -2.97% in past 5 days and over the past one month there was a price change of 7.48%. Year-to-date (YTD), FI shares are showing a performance of 62.49% which increased to 65.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $129.60 but also hit the highest price of $223.23 during that period. The average intraday trading volume for Fiserv, Inc shares is 2.51 million. The stock is currently trading 0.05% above its 20-day simple moving average (SMA20), while that difference is up 7.02% for SMA50 and it goes to 28.58% higher than SMA200.

Fiserv, Inc (NYSE: FI) currently have 570.00M outstanding shares and institutions hold larger chunk of about 92.01% of that.

The stock has a current market capitalization of $122.80B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 41.64, while it has posted earnings per share of $5.18 in the same period. Its PEG reads 2.66 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.92. 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 1.60% while standing at 1.65% over the month.

Stock’s fiscal year EPS is expected to rise by 16.66% while it is estimated to increase by 16.35% in next year. EPS is likely to grow at an annualized rate of 15.68% for next 5-years, compared to annual growth of 11.66% made by the stock over the past 5-years.

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 Compass Point on November 20, 2024 offering a Buy rating for the stock and assigned a target price of $278 to it. Coverage by Oppenheimer stated Fiserv, Inc (FI) stock as an Outperform in their note to investors on October 01, 2024, suggesting a price target of $203 for the stock. On August 28, 2024, BTIG Research Initiated their recommendations, while on June 12, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $180. Stock get an Outperform rating from Oppenheimer on January 11, 2024.

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