Keefe, Bruyette & Woods Issues Positive Forecast for Fiserv (NYSE:FI) Stock Price

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

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Three investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.13.

Fiserv Trading Up 0.7 %

NYSE FI opened at $231.05 on Thursday. The stock’s 50-day moving average is $208.61 and its 200-day moving average is $192.51. Fiserv has a one year low of $140.26 and a one year high of $232.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $131.45 billion, a P/E ratio of 44.43, a P/E/G ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Sell-side analysts anticipate that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently made changes to their positions in the stock. FMR LLC raised its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at about $764,543,000. Bank of New York Mellon Corp grew its stake in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after purchasing an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fiserv by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock worth $743,782,000 after purchasing an additional 90,475 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fiserv in the fourth quarter valued at approximately $614,982,000. 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.