Fiserv, Inc. (NYSE:FI) Receives $239.83 Average Target Price from Analysts

Fiserv, Inc. (NYSE:FI) has been given a consensus rating of “Buy” by the twenty-five brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $239.83.

Several analysts have recently issued reports on FI shares. Citigroup lifted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.

Institutional Trading of Fiserv

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock valued at $2,435,280,000 after purchasing an additional 218,833 shares during the period. FMR LLC lifted its holdings in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock valued at $1,424,907,000 after purchasing an additional 340,938 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.1 %

Fiserv stock opened at $236.13 on Thursday. Fiserv has a 52 week low of $145.98 and a 52 week high of $237.13. The firm has a market cap of $134.34 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. The business’s 50-day moving average price is $212.66 and its 200 day moving average price is $197.48. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts anticipate that Fiserv will post 10.23 earnings per share for the current year.

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.