Fiserv (NYSE:FI) Given New $270.00 Price Target at Stephens

Fiserv (NYSE:FI) had its price objective boosted by equities research analysts at Stephens from $255.00 to $270.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Stephens’ price objective would indicate a potential upside of 17.03% from the company’s current price.

A number of other brokerages also recently issued reports on FI. TD Cowen boosted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Finally, UBS Group raised their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.17.

Fiserv Stock Up 0.5 %

Fiserv stock opened at $230.70 on Thursday. The stock has a fifty day moving average of $208.61 and a 200 day moving average of $192.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $131.25 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv has a one year low of $140.26 and a one year high of $231.61.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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, sell-side analysts predict that Fiserv will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% in the 3rd 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 acquired a new stake in shares of Fiserv in the third quarter valued at about $40,000. Institutional investors and hedge funds 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.