Fiserv (NYSE:FI) Given New $270.00 Price Target at Susquehanna

Fiserv (NYSE:FIFree Report) had its target price lifted by Susquehanna from $230.00 to $270.00 in a report issued on Monday,Benzinga reports. They currently have a positive rating on the business services provider’s stock.

FI has been the subject of a number of other reports. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Mizuho increased their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $239.83.

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Fiserv Stock Performance

FI opened at $230.55 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $209.01 and its 200 day moving average price is $193.75. Fiserv has a twelve month low of $142.47 and a twelve month high of $233.26. The firm has a market capitalization of $131.16 billion, a PE ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, sell-side analysts expect that Fiserv will post 10.22 EPS for the current fiscal year.

Institutional Trading of Fiserv

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Sanders Capital LLC acquired a new position in Fiserv during the third quarter worth $764,543,000. Bank of New York Mellon Corp boosted its position in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after purchasing an additional 164,949 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fiserv by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after purchasing an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at $614,982,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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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.

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Analyst Recommendations for Fiserv (NYSE:FI)

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