Fiserv (NYSE:FI) Given New $265.00 Price Target at Barclays

Fiserv (NYSE:FI) had its price objective lifted by Barclays from $235.00 to $265.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Several other research firms have also recently commented on FI. Tigress Financial raised their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Susquehanna increased their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Stock Performance

Shares of NYSE:FI opened at $230.55 on Monday. Fiserv has a 1 year low of $142.47 and a 1 year high of $233.26. The stock has a market capitalization of $131.16 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company’s 50 day simple moving average is $209.01 and its 200 day simple moving average is $193.75.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Fiserv will post 10.22 EPS for the current fiscal year.

Institutional Trading of Fiserv

A number of institutional investors have recently modified their holdings of the company. Jacobi Capital Management LLC lifted its position in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC boosted its stake in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the last quarter. Finally, Hemington Wealth Management increased its position in shares of Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after purchasing an additional 50 shares in the last quarter. 90.98% of the stock is currently 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.