Fiserv (NYSE:FI) Price Target Raised to $270.00 at Stephens

Fiserv (NYSE:FI) had its target price lifted by equities researchers at Stephens from $255.00 to $270.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Stephens’ price target points to a potential upside of 17.30% from the company’s current price.

Several other equities research analysts have also recently issued reports on FI. BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two equities 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, the company has a consensus rating of “Buy” and a consensus price target of $235.91.

Fiserv Trading Down 0.5 %

NYSE: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 200-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 issued 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 return on equity of 17.10% and a net margin of 15.22%. On average, equities research analysts expect that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in Fiserv in the third quarter worth $40,000. 90.98% of the stock is owned by institutional investors and hedge funds.

About Fiserv

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.