William Blair analyst Andrew Jeffrey has reiterated their bullish stance on FI stock, giving a Buy rating on April 28.
Andrew Jeffrey’s rating is based on Fiserv’s strong competitive position and consistent financial performance. He highlights the company’s impressive track record of 39 consecutive years of double-digit EPS growth, which underscores its financial stability and resilience. The valuation of Fiserv’s shares is seen as compelling, trading at a premium due to its superior business mix and capital allocation strategies.
Despite concerns over a slowdown in GPV growth, Jeffrey believes these worries are overstated and expects growth to pick up in the coming quarters. He points to the potential for acceleration in the second half of the year as Fiserv expands its Clover platform internationally and benefits from strong channel demand. Additionally, the company’s robust hardware revenue and recent product developments are seen as positive indicators of future growth, particularly in markets outside the U.S.
In another report released on April 28, Wells Fargo also maintained a Buy rating on the stock with a $218.00 price target.
Based on the recent corporate insider activity of 74 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.