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

Fiserv (NYSE:FI) had its target price boosted by research analysts at Barclays from $235.00 to $265.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective suggests a potential upside of 15.13% from the stock’s current price.

FI has been the subject of a number of other reports. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $238.09.

Fiserv Stock Down 0.5 %

Shares of NYSE:FI opened at $230.18 on Monday. The business’s 50 day moving average is $209.01 and its 200 day moving average is $193.52. Fiserv has a 12-month low of $142.14 and a 12-month high of $233.26. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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 return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts forecast that Fiserv will post 10.22 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted 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 purchasing an additional 57 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in Fiserv in the third quarter worth approximately $40,000. Institutional investors own 90.98% of the company’s stock.

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.