Fiserv (NYSE:FI) Price Target Increased to $170.00 by Analysts at KeyCorp

Fiserv (NYSE:FI) had its price target boosted by KeyCorp from $160.00 to $170.00 in a research note released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the business services provider’s stock.

A number of other research analysts have also weighed in on FI. Mizuho reissued a buy rating and set a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. BMO Capital Markets lifted their price target on Fiserv from $152.00 to $157.00 and gave the company an outperform rating in a report on Thursday, February 8th. Evercore ISI reiterated an outperform rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Barclays raised their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research report on Monday, April 1st. Finally, Royal Bank of Canada upped their price target on shares of Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $157.79.

Fiserv Stock Up 0.1 %

FI opened at $148.80 on Monday. The business’s fifty day simple moving average is $151.90 and its 200 day simple moving average is $136.94. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The firm has a market cap of $87.61 billion, a P/E ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. As a group, equities research analysts anticipate that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in FI. Nilsine Partners LLC increased its position in shares of Fiserv by 2.1% in the 1st quarter. Nilsine Partners LLC now owns 33,799 shares of the business services provider’s stock worth $5,402,000 after purchasing an additional 696 shares during the last quarter. PFG Investments LLC grew its stake in Fiserv by 17.8% in the first quarter. PFG Investments LLC now owns 2,734 shares of the business services provider’s stock worth $437,000 after purchasing an additional 414 shares in the last quarter. Raymond James & Associates increased its holdings in Fiserv by 2.5% in the first quarter. Raymond James & Associates now owns 2,137,236 shares of the business services provider’s stock valued at $341,573,000 after buying an additional 51,141 shares during the last quarter. Signature Wealth Management Group raised its stake in Fiserv by 5.8% during the first quarter. Signature Wealth Management Group now owns 10,249 shares of the business services provider’s stock valued at $1,523,000 after buying an additional 561 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in Fiserv during the first quarter valued at approximately $127,000. 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.