Fiserv, Inc. (NYSE:FI) Receives $239.83 Consensus Target Price from Brokerages

Shares of Fiserv, Inc. (NYSE:FI) have been given an average rating of “Buy” by the twenty-five research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $239.83.

Several brokerages recently commented on FI. Susquehanna increased their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Royal Bank of Canada increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Mizuho increased 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. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock valued at $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC grew its holdings in shares of Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock valued at $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock valued at $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. Finally, Norges Bank bought a new stake in Fiserv during the 4th quarter worth approximately $1,406,452,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 0.4 %

Shares of NYSE FI opened at $230.85 on Thursday. The stock has a market cap of $131.34 billion, a P/E ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a 50 day moving average price of $210.77 and a 200 day moving average price of $196.17. 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 has a 52-week low of $145.44 and a 52-week high of $233.26.

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

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.