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

Fiserv (NYSE:FI) had its price target upped by KeyCorp from $250.00 to $270.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other analysts have also issued reports on the stock. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer lifted their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Compass Point initiated coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $232.13.

Fiserv Price Performance

NYSE:FI opened at $231.05 on Thursday. 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 business’s 50-day moving average price is $208.61 and its 200 day moving average price is $192.51. Fiserv has a 52-week low of $140.26 and a 52-week high of $232.25. The firm has a market cap of $131.45 billion, a P/E ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, sell-side analysts predict that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction 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 of the company’s stock, valued at approximately $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 can be accessed through this link. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. Raymond James Financial Inc. bought a new position in Fiserv in the 4th quarter valued at $614,982,000. FMR LLC raised its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new stake in shares of Fiserv during the third quarter worth $172,993,000. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after acquiring an additional 561,377 shares during the period. 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.