KeyCorp Issues Positive Forecast for Fiserv (NYSE:FI) Stock Price

Fiserv (NYSE:FI) had its price target increased by investment analysts at KeyCorp from $250.00 to $270.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price objective would indicate a potential upside of 17.30% from the stock’s current price.

A number of other equities analysts have also recently issued reports on FI. Wells Fargo & Company increased their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays increased their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Stock Performance

NYSE:FI opened at $230.18 on Thursday. The company has a market capitalization of $130.95 billion, a PE ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a 50 day simple moving average of $208.82 and a two-hundred day simple moving average of $192.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv has a fifty-two week low of $142.14 and a fifty-two week high of $233.26.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Research analysts anticipate that Fiserv will post 8.77 earnings per share for the current year.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

Several large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its position in shares of Fiserv by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 64,979 shares of the business services provider’s stock valued at $13,348,000 after purchasing an additional 3,093 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Fiserv by 7.6% during the 4th quarter. HighTower Advisors LLC now owns 73,772 shares of the business services provider’s stock valued at $15,154,000 after purchasing an additional 5,214 shares during the last quarter. Natural Investments LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $267,000. AGF Management Ltd. increased its position in shares of Fiserv by 19.7% during the 4th quarter. AGF Management Ltd. now owns 104,653 shares of the business services provider’s stock valued at $21,498,000 after purchasing an additional 17,225 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Fiserv by 49.8% during the 4th quarter. King Luther Capital Management Corp now owns 213,191 shares of the business services provider’s stock valued at $43,794,000 after purchasing an additional 70,911 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other 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.