Barclays Issues Positive Forecast for Fiserv (NYSE:FI) Stock Price

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

FI has been the subject of a number of other research reports. TD Cowen raised their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. 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. The Goldman Sachs Group raised their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Finally, Stephens raised their price objective on Fiserv from $255.00 to $270.00 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Performance

Shares of FI stock opened at $227.83 on Monday. The stock has a fifty day moving average of $209.54 and a 200 day moving average of $194.77. Fiserv has a 52 week low of $142.47 and a 52 week high of $233.26. The firm has a market capitalization of $129.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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

Institutional Investors Weigh In On Fiserv

Several large investors have recently bought and sold shares of FI. Soros Capital Management LLC grew its stake in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank grew its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont grew its stake in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the 4th quarter valued at about $97,254,000. 90.98% of the stock is currently owned by institutional investors.

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.