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Oppenheimer analysts upgrades an Outperform rating for Fiserv, Inc. (FI)

Fiserv, Inc.’s filing revealed that its Chief Operating Officer Chiarello Guy unloaded Company’s shares for reported $3.63 million on Apr 15 ’24. In the deal valued at $151.79 per share,23,929 shares were sold. As a result of this transaction, Chiarello Guy now holds 163,699 shares worth roughly $25.52 million.

Then, Chiarello Guy sold 63,646 shares, generating $9,801,484 in total proceeds. Upon selling the shares at $154.00, the Chief Operating Officer now owns 163,699 shares.

Before that, Chiarello Guy sold 24,000 shares. Fiserv, Inc. shares valued at $3,588,623 were divested by the Chief Operating Officer at a price of $149.53 per share. As a result of the transaction, Chiarello Guy now holds 163,699 shares, worth roughly $25.52 million.

Oppenheimer upgraded its Fiserv, Inc. [FI] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Outperform”. KeyBanc Capital Markets also remained covering FI and has increased its forecast on January 08, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. BMO Capital Markets started covering the stock on December 05, 2023. It rated FI as “an Outperform”.

Price Performance Review of FI

On Friday, Fiserv, Inc. [NYSE:FI] saw its stock jump 1.70% to $155.89. Over the last five days, the stock has gained 4.89%. Fiserv, Inc. shares have risen nearly 17.35% since the year began. Nevertheless, the stocks have risen 31.69% over the past one year. While a 52-week high of $159.99 was reached on 03/28/24, a 52-week low of $109.11 was recorded on 01/03/24. SMA at 50 days reached $152.31, while 200 days put it at $132.76. A total of 3.2 million shares were traded, compared to the trading of 2.49 million shares in the previous session.

Levels Of Support And Resistance For FI Stock

The 24-hour chart illustrates a support level at 153.43, which if violated will result in even more drops to 150.98. On the upside, there is a resistance level at 157.63. A further resistance level may holdings at 159.38. The Relative Strength Index (RSI) on the 14-day chart is 57.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.03%. Stochastics %K at 57.66% indicates the stock is a holding.

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