Fiserv (NYSE:FI) Price Target Raised to $260.00

Fiserv (NYSE:FI) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from $238.00 to $260.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.15% from the stock’s current price.

FI has been the topic of a number of other research reports. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Susquehanna lifted their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Finally, TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.21.

Fiserv Trading Up 1.0 %

Shares of NYSE:FI traded up $2.31 during midday trading on Thursday, reaching $231.84. The company’s stock had a trading volume of 659,743 shares, compared to its average volume of 2,545,682. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv has a fifty-two week low of $140.26 and a fifty-two week high of $232.19. The firm has a 50 day moving average price of $208.61 and a two-hundred day moving average price of $192.51. The firm has a market capitalization of $131.90 billion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. As a group, analysts forecast that Fiserv will post 8.77 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the stock. Valley National Advisers Inc. bought a new stake in Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $31,000. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Fiserv during the third quarter worth approximately $40,000. 90.98% of the stock is owned by institutional investors.

Fiserv Company Profile

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.