BMO Capital Markets Raises Fiserv (NYSE:FI) Price Target to $260.00

Fiserv (NYSE:FI) had its target price upped by research analysts at BMO Capital Markets from $233.00 to $260.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 12.96% from the company’s current price.

A number of other equities analysts have also recently commented on FI. Morgan Stanley increased their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Stock Down 0.5 %

Shares of FI opened at $230.18 on Thursday. The company has a market capitalization of $130.95 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.42 and a beta of 0.94. Fiserv has a 52 week low of $142.14 and a 52 week high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $208.82 and its 200-day moving average price is $192.78.

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

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the firm’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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $29,000. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the 4th quarter valued at approximately $31,000. Cedar Mountain Advisors LLC boosted its holdings 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 purchasing an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Fiserv in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.