Jefferies analyst Trevor Williams reiterated a Hold rating on Fiserv (FI – Research Report) today and set a price target of $165.00. The company’s shares closed yesterday at $164.16.
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According to TipRanks, Williams is an analyst with an average return of -0.5% and a 50.00% success rate. Williams covers the Technology sector, focusing on stocks such as Corpay Inc, Block, and Fiserv.
In addition to Jefferies, Fiserv also received a Hold from KGI Securities’s Thaninee Satiraruengchai in a report issued on May 21. However, yesterday, BTIG maintained a Buy rating on Fiserv (NYSE: FI).
Based on Fiserv’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.13 billion and a net profit of $851 million. In comparison, last year the company earned a revenue of $4.88 billion and had a net profit of $735 million
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FI in relation to earlier this year. Last month, Andrew Gelb, the EVP, Co-Head of Fin. Sols. of FI sold 5,652.00 shares for a total of $904,320.00.
Read More on FI:
- Buy Rating for Fiserv: Growth Potential Driven by Clover’s Market Strength and Global Distribution Network
- Fiserv initiated with a Buy at Truist
- Fiserv exec Gelb sells 5,652 common shares
- Fiserv price target raised to $250 from $244 at Tigress Financial
- Fiserv’s Strong Position and Growth Potential Highlighted by Buy Rating