Fiserv (NYSE:FI) Price Target Raised to $265.00

Fiserv (NYSE:FI) had its price objective lifted by stock analysts at Barclays from $235.00 to $265.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective points to a potential upside of 15.23% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna upped their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Morgan Stanley raised their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $239.83.

Fiserv Stock Performance

Shares of FI stock opened at $229.97 on Monday. Fiserv has a 52 week low of $142.47 and a 52 week high of $233.26. The firm’s 50-day simple moving average is $209.25 and its two-hundred day simple moving average is $194.28. The firm has a market cap of $130.84 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts forecast that Fiserv will post 10.22 earnings per share for the current year.

Institutional Trading of Fiserv

Hedge funds have recently made changes to their positions in the stock. Marshall Investment Management LLC purchased a new stake in Fiserv during the fourth quarter valued at about $29,000. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv in the fourth quarter worth approximately $37,000. Finally, Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

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.