Morgan Stanley Increases Fiserv (NYSE:FI) Price Target to $267.00

Fiserv (NYSE:FI) had its target price increased by stock analysts at Morgan Stanley from $258.00 to $267.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 16.00% from the company’s previous close.

FI has been the subject of a number of other research reports. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp lifted their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. 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. According to MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Price Performance

NYSE:FI opened at $230.18 on Thursday. The business’s 50-day simple moving average is $208.82 and its two-hundred day simple moving average is $192.78. Fiserv has a 52 week low of $142.14 and a 52 week high of $233.26. The stock has a market cap of $130.95 billion, a PE ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, analysts forecast that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new stake in Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter worth $31,000. Cedar Mountain Advisors LLC grew its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Fiserv during the third quarter valued at $40,000. 90.98% of the stock is currently owned by 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.