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

Fiserv (NYSE:FI) had its price objective boosted by Susquehanna from $175.00 to $180.00 in a report published on Monday morning, Benzinga reports. The firm currently has a positive rating on the business services provider’s stock.

FI has been the topic of several other research reports. Barclays boosted their target price on shares of Fiserv from $150.00 to $165.00 and gave the stock an overweight rating in a report on Monday, February 12th. Morgan Stanley boosted their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Royal Bank of Canada boosted their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. StockNews.com began coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a buy rating on the stock. Finally, Stephens boosted their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $155.83.

Fiserv Stock Performance

FI opened at $159.74 on Monday. The firm has a market cap of $94.31 billion, a P/E ratio of 31.95, a PEG ratio of 1.30 and a beta of 0.91. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a 50 day simple moving average of $147.77 and a two-hundred day simple moving average of $132.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

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

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new position in Fiserv in the 2nd quarter worth about $200,000. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter worth about $27,000. Finally, GW&K Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth 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.