Stephens Forecasts Strong Price Appreciation for Fiserv (NYSE:FI) Stock

Fiserv (NYSE:FI) had its target price hoisted by stock analysts at Stephens from $255.00 to $270.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Stephens’ price objective would indicate a potential upside of 17.30% from the company’s previous close.

Other research analysts have also issued reports about the company. KeyCorp increased their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Buy” and an average target price of $235.91.

Fiserv Stock Down 0.5 %

Shares of FI opened at $230.18 on Thursday. 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 has a fifty day simple moving average of $208.82 and a two-hundred day simple moving average of $192.78. The company has a market capitalization of $130.95 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Fiserv will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC grew its position in Fiserv by 4.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 393 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Fiserv by 18.2% in the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after buying an additional 753 shares in the last quarter. Brookstone Capital Management grew its holdings in Fiserv by 17.2% during the third quarter. Brookstone Capital Management now owns 40,306 shares of the business services provider’s stock worth $7,241,000 after acquiring an additional 5,927 shares during the period. Daymark Wealth Partners LLC acquired a new stake in Fiserv in the third quarter valued at $201,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Fiserv by 30.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 583 shares of the business services provider’s stock worth $105,000 after purchasing an additional 137 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.