Fiserv (NYSE:FI) Price Target Raised to $270.00 at Wells Fargo & Company

Fiserv (NYSE:FI) had its price target raised by Wells Fargo & Company from $240.00 to $270.00 in a research note published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on FI. KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho raised 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. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted 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. Finally, BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Three investment 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. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $232.13.

Fiserv Price Performance

Shares of NYSE FI opened at $231.05 on Thursday. The firm has a 50-day simple moving average of $208.61 and a 200-day simple moving average 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. The stock has a market capitalization of $131.45 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv has a 52 week low of $140.26 and a 52 week high of $232.25.

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 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%. On average, equities analysts predict that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in Fiserv during the third quarter worth about $40,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.