KeyCorp Raises Fiserv (NYSE:FI) Price Target to $170.00

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

Several other analysts have also recently commented on the stock. BNP Paribas upgraded shares of Fiserv from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. Morgan Stanley lifted their price objective on shares of Fiserv from $133.00 to $142.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Susquehanna lifted their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a positive rating in a research note on Monday, March 25th. Truist Financial lifted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a hold rating in a research note on Wednesday, February 7th. Finally, StockNews.com started coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a buy rating for the company. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $164.33.

Fiserv Stock Down 2.0 %

FI stock opened at $152.25 on Monday. The firm has a 50 day moving average of $152.28 and a 200 day moving average of $137.34. The stock has a market capitalization of $89.64 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.22 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 has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. Sell-side analysts forecast that Fiserv will post 8.63 earnings per share for the current year.

Insider Buying and Selling

In other 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 transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently modified their holdings of FI. West Oak Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $32,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Finally, GW&K Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Hedge funds and other 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.