Fiserv (NYSE:FI) Stock Price Expected to Rise, Barclays Analyst Says

Fiserv (NYSE:FI) had its price target upped by equities researchers at Barclays from $235.00 to $265.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would indicate a potential upside of 15.13% from the stock’s current price.

A number of other brokerages also recently weighed in on FI. Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $238.09.

Fiserv Stock Down 0.5 %

Shares of NYSE FI opened at $230.18 on Monday. The stock has a market capitalization of $130.95 billion, a P/E ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94. The stock’s fifty day moving average is $209.01 and its 200 day moving average is $193.52. Fiserv has a 52 week low of $142.14 and a 52 week high of $233.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv will post 10.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently added to or reduced their stakes in FI. Jacobi Capital Management LLC boosted its stake in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after acquiring an additional 44 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares during the period. Mount Yale Investment Advisors LLC increased its position in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares in the last quarter. Finally, Hemington Wealth Management raised its stake in Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after buying an additional 50 shares during the period. 90.98% of the stock is currently owned by institutional investors.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.