Fiserv (NYSE:FI) Earns Overweight Rating from KeyCorp

Fiserv (NYSE:FI)‘s stock had its “overweight” rating reissued by stock analysts at KeyCorp in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $145.00 price target on the business services provider’s stock. KeyCorp’s price target suggests a potential upside of 16.96% from the company’s previous close.

A number of other brokerages have also weighed in on FI. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group lowered their target price on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.44.

Fiserv Stock Down 1.0%

Fiserv stock opened at $123.97 on Wednesday. The company has a market capitalization of $67.39 billion, a PE ratio of 20.70, a PEG ratio of 0.83 and a beta of 0.95. Fiserv has a 12-month low of $117.84 and a 12-month high of $238.59. The firm’s fifty day moving average is $131.24 and its 200 day moving average is $156.63. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $4.32 billion during the quarter. As a group, sell-side analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently modified their holdings of the company. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Abound Financial LLC purchased a new position in Fiserv in the first quarter worth $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the 2nd quarter valued at $34,000. Clear Street LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.98% of the company’s stock.

About Fiserv

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.