Fiserv (NYSE:FI) Price Target Increased to $185.00 by Analysts at Barclays

Fiserv (NYSE:FIFree Report) had its price objective lifted by Barclays from $165.00 to $185.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an overweight rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the company. Mizuho restated a buy rating and issued a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Tigress Financial upped their price target on shares of Fiserv from $160.00 to $175.00 and gave the company a buy rating in a report on Friday, December 22nd. B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. StockNews.com began coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a buy rating on the stock. Finally, Stephens lifted their price objective on Fiserv from $140.00 to $150.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $158.21.

Read Our Latest Report on Fiserv

Fiserv Stock Down 0.8 %

Fiserv stock opened at $158.57 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $93.62 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a fifty day simple moving average of $148.62 and a 200 day simple moving average of $132.81.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share. Research analysts anticipate that Fiserv will post 8.62 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan Co. raised its stake in Fiserv by 4.6% during the 4th quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 86 shares in the last quarter. Holderness Investments Co. increased its position in shares of Fiserv by 4.1% in the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock worth $290,000 after acquiring an additional 90 shares in the last quarter. Apeiron RIA LLC lifted its holdings in shares of Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares in the last quarter. Principal Street Partners LLC lifted its stake in Fiserv by 1.4% in the 2nd quarter. Principal Street Partners LLC now owns 6,568 shares of the business services provider’s stock worth $829,000 after acquiring an additional 92 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after purchasing an additional 92 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Fiserv (NYSE:FI)

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