Fiserv (NYSE:FI) Price Target Raised to $270.00

Fiserv (NYSE:FI) had its price objective increased by Susquehanna from $230.00 to $270.00 in a research report report published on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on FI. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. KeyCorp increased their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley increased their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Performance

Shares of FI opened at $227.83 on Monday. The business’s fifty day simple moving average is $209.54 and its two-hundred day simple moving average is $194.77. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv has a 12 month low of $142.47 and a 12 month high of $233.26. The company has a market cap of $129.62 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FI. Valley National Advisers Inc. purchased a new position in Fiserv in the fourth quarter worth about $29,000. Marshall Investment Management LLC purchased a new position in Fiserv in the fourth quarter worth about $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the fourth quarter worth about $31,000. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Finally, Campbell Capital Management Inc. bought a new stake in Fiserv in the fourth quarter worth about $37,000. Hedge funds and other 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.