Fiserv (NYSE:FI) PT Raised to $170.00 at KeyCorp

Fiserv (NYSE:FI) had its target price lifted by investment analysts at KeyCorp from $160.00 to $170.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price target would suggest a potential upside of 9.41% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Stephens boosted their target price on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. BMO Capital Markets increased their price target on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Robert W. Baird boosted their price objective on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada lifted their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.79.

Fiserv Trading Up 4.4 %

Fiserv stock opened at $155.38 on Monday. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. 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 stock has a market cap of $91.48 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.21 and a beta of 0.91. The company’s fifty day simple moving average is $152.14 and its 200-day simple moving average is $137.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.09. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were 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 in the company, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Naples Global Advisors LLC boosted its holdings in shares of Fiserv by 6.9% in the 3rd quarter. Naples Global Advisors LLC now owns 3,258 shares of the business services provider’s stock worth $368,000 after acquiring an additional 211 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Fiserv by 18.0% in the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after purchasing an additional 2,002 shares in the last quarter. Bellecapital International Ltd. grew its holdings in shares of Fiserv by 0.8% during the third quarter. Bellecapital International Ltd. now owns 73,331 shares of the business services provider’s stock worth $8,283,000 after purchasing an additional 615 shares during the last quarter. Meridian Wealth Management LLC increased its stake in shares of Fiserv by 76.4% in the third quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock valued at $1,312,000 after buying an additional 5,031 shares in the last quarter. Finally, KFG Wealth Management LLC raised its holdings in shares of Fiserv by 14.3% in the third quarter. KFG Wealth Management LLC now owns 3,507 shares of the business services provider’s stock valued at $396,000 after buying an additional 439 shares during the last quarter. 90.98% of the stock is currently 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.