Analysts Set Fiserv, Inc. (NYSE:FI) Target Price at $239.83

Shares of Fiserv, Inc. (NYSE:FI) have been given an average recommendation of “Buy” by the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $239.83.

A number of research firms recently issued reports on FI. Jefferies Financial Group boosted their target price 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. Stephens boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th.

Fiserv Stock Up 0.4 %

Shares of NYSE FI opened at $230.85 on Thursday. The company has a market capitalization of $131.34 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv has a 52-week low of $145.44 and a 52-week high of $233.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company’s 50 day moving average price is $210.77 and its 200-day moving average price is $196.17.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts forecast that Fiserv will post 10.22 earnings per share for the current year.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC raised its position in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock worth $794,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after purchasing an additional 45 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after purchasing an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the last quarter. 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.