Susquehanna Forecasts Strong Price Appreciation for Fiserv (NYSE:FI) Stock

Fiserv (NYSE:FI) had its target price increased by equities researchers at Susquehanna from $230.00 to $270.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “positive” rating on the business services provider’s stock. Susquehanna’s price target suggests a potential upside of 17.38% from the stock’s previous close.

Several other equities analysts have also issued reports on FI. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Down 0.0 %

Shares of FI stock traded down $0.04 on Monday, reaching $230.02. 381,075 shares of the stock were exchanged, compared to its average volume of 2,551,449. The stock has a 50 day moving average price of $209.01 and a 200 day moving average price of $193.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $130.86 billion, a PE ratio of 42.64, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv has a one year low of $142.47 and a one year high of $233.26.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. Equities research analysts forecast that Fiserv will post 10.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Soros Capital Management LLC raised its position in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank boosted its holdings in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new stake in Fiserv in the 3rd quarter worth about $4,709,000. Trust Co. of Vermont increased its stake in Fiserv by 170.4% in the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth approximately $97,254,000. Institutional investors own 90.98% of the company’s stock.

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.