Fiserv (NYSE:FI) Price Target Raised to $170.00

Fiserv (NYSE:FI) had its target price boosted by equities research analysts at KeyCorp from $160.00 to $170.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price target would indicate a potential upside of 14.39% from the stock’s current price.

Several other research analysts also recently commented on FI. Robert W. Baird lifted their target price on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Thursday, January 11th. BMO Capital Markets lifted their target price on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Finally, Jefferies Financial Group lifted their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.79.

Fiserv Stock Up 1.2 %

FI stock opened at $148.62 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $151.81 and a two-hundred day moving average price of $136.69. The company has a market cap of $87.50 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 1.21 and a beta of 0.91. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion during 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 business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. Analysts anticipate that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 111,575 shares of company stock valued at $17,022,387 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of the business. Edge Financial Advisors LLC acquired a new position in shares of Fiserv during the 1st quarter worth $256,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of Fiserv by 5.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,654 shares of the business services provider’s stock worth $2,182,000 after buying an additional 717 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Fiserv by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 46,939 shares of the business services provider’s stock worth $6,900,000 after buying an additional 397 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in Fiserv in the 1st quarter worth about $32,000. Finally, First Trust Direct Indexing L.P. increased its holdings in Fiserv by 14.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,921 shares of the business services provider’s stock worth $2,704,000 after purchasing an additional 2,093 shares in the last quarter. Institutional investors and hedge funds 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.