Susquehanna Issues Positive Forecast for Fiserv (NYSE:FI) Stock Price

Fiserv (NYSE:FI) had its target price increased by analysts at Susquehanna from $230.00 to $270.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “positive” rating on the business services provider’s stock. Susquehanna’s target price indicates a potential upside of 17.38% from the company’s current price.

A number of other equities research analysts also recently weighed in on FI. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Down 0.0 %

Shares of Fiserv stock traded down $0.04 during trading hours on Monday, hitting $230.02. The company’s stock had a trading volume of 381,075 shares, compared to its average volume of 2,551,449. The business has a fifty day moving average of $209.01 and a 200 day moving average of $193.75. Fiserv has a 1-year low of $142.47 and a 1-year high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $130.86 billion, a PE ratio of 42.64, 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 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Fiserv will post 10.22 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the business. Valley National Advisers Inc. bought a new position in shares of Fiserv during the fourth quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the fourth quarter worth about $31,000. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter valued at approximately $40,000. 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.