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

Fiserv (NYSE:FI) had its price target boosted by Barclays from $235.00 to $265.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

FI has been the topic of several other reports. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Price Performance

FI opened at $227.83 on Monday. The firm has a market cap of $129.62 billion, a P/E ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94. The firm has a 50-day moving average of $209.54 and a 200 day moving average of $194.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv has a fifty-two week low of $142.47 and a fifty-two week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 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%. On average, research analysts expect that Fiserv will post 10.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arete Wealth Advisors LLC grew its holdings in shares of Fiserv by 16.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,881 shares of the business services provider’s stock worth $387,000 after purchasing an additional 261 shares during the last quarter. World Investment Advisors grew its holdings in shares of Fiserv by 12.8% in the fourth quarter. World Investment Advisors now owns 62,919 shares of the business services provider’s stock worth $12,925,000 after purchasing an additional 7,117 shares during the last quarter. Huntington National Bank grew its holdings in shares of Fiserv by 7.0% in the fourth quarter. Huntington National Bank now owns 546,795 shares of the business services provider’s stock worth $112,323,000 after purchasing an additional 35,857 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Finally, Wisconsin Capital Management LLC grew its holdings in shares of Fiserv by 0.6% in the fourth quarter. Wisconsin Capital Management LLC now owns 21,303 shares of the business services provider’s stock worth $4,376,000 after purchasing an additional 128 shares during the last quarter. 90.98% of the stock is currently 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.