KeyCorp Increases Fiserv (NYSE:FI) Price Target to $225.00

Fiserv (NYSE:FI) had its price target raised by equities researchers at KeyCorp from $180.00 to $225.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. KeyCorp’s target price would indicate a potential upside of 10.70% from the company’s previous close.

Several other research firms also recently commented on FI. Stephens upped their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. B. Riley increased their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their price target on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Stock Performance

FI stock opened at $203.26 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $118.93 billion, a PE ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. The business has a 50 day moving average of $179.29 and a 200-day moving average of $162.09. Fiserv has a 12-month low of $111.53 and a 12-month high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, sell-side analysts expect that Fiserv will post 8.74 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Fiserv by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 268,588 shares of the business services provider’s stock worth $48,252,000 after purchasing an additional 2,093 shares during the period. Concord Wealth Partners lifted its holdings in Fiserv by 27.3% in the 3rd quarter. Concord Wealth Partners now owns 1,273 shares of the business services provider’s stock worth $229,000 after buying an additional 273 shares during the period. Forbes J M & Co. LLP grew its position in shares of Fiserv by 4.4% in the 3rd quarter. Forbes J M & Co. LLP now owns 5,321 shares of the business services provider’s stock worth $956,000 after buying an additional 225 shares during the last quarter. Inscription Capital LLC purchased a new position in shares of Fiserv during the third quarter valued at approximately $229,000. Finally, Greenspring Advisors LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $354,000. 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.