Fiserv (NYSE:FI) Price Target Raised to $260.00 at Keefe, Bruyette & Woods

Fiserv (NYSE:FI) had its price objective upped by Keefe, Bruyette & Woods from $238.00 to $260.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently commented on FI. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. 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 note on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $232.13.

Fiserv Trading Up 0.7 %

NYSE FI opened at $231.05 on Thursday. The company has a market cap of $131.45 billion, a price-to-earnings ratio of 44.43, a P/E/G ratio of 1.42 and a beta of 0.94. The business has a 50 day moving average price of $208.61 and a 200-day moving average price of $192.51. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv has a 52 week low of $140.26 and a 52 week high of $232.25.

Fiserv (NYSE:FI) last posted 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 return on equity of 17.10% and a net margin of 15.22%. As a group, equities analysts expect that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in Fiserv during the 4th quarter valued at about $29,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter worth approximately $40,000. 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.