KeyCorp Increases Fiserv (NYSE:FI) Price Target to $270.00

Fiserv (NYSE:FI) had its target price raised by stock analysts at KeyCorp from $250.00 to $270.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price target suggests a potential upside of 16.85% from the stock’s previous close.

FI has been the subject of a number of other reports. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price objective on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Susquehanna boosted their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Citigroup boosted their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.04.

Fiserv Price Performance

FI traded up $1.54 during trading hours on Thursday, hitting $231.07. The company’s stock had a trading volume of 254,451 shares, compared to its average volume of 2,530,528. The business’s 50-day moving average price is $208.61 and its 200-day moving average price is $192.51. Fiserv has a 12 month low of $140.26 and a 12 month high of $231.61. The stock has a market cap of $131.46 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $31,000. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of Fiserv in the third quarter valued at approximately $40,000. Institutional investors and hedge funds 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.