Fiserv (NYSE:FI) Price Target Raised to $180.00 at Susquehanna

Fiserv (NYSE:FI) had its target price lifted by Susquehanna from $175.00 to $180.00 in a research note released on Monday morning, Benzinga reports. They currently have a positive rating on the business services provider’s stock.

FI has been the subject of several other reports. Barclays upped their price objective on Fiserv from $150.00 to $165.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Stephens increased their price target on Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Tigress Financial increased their price target on Fiserv from $160.00 to $175.00 and gave the stock a buy rating in a research note on Friday, December 22nd. Royal Bank of Canada increased their price target on Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, StockNews.com started coverage on Fiserv in a research note on Saturday, February 3rd. They issued a buy rating for the company. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $155.83.

Fiserv Stock Performance

Shares of FI opened at $159.74 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average price is $147.77 and its 200-day moving average price is $132.20. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market cap of $94.31 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.30 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 EPS. Equities research analysts anticipate that Fiserv will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of FI. Comerica Bank acquired a new position in shares of Fiserv during the 2nd quarter worth about $200,000. West Oak Capital LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.