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

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

Other analysts also recently issued reports about the company. The Goldman Sachs Group upped 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. Oppenheimer raised their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Three 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.04.

Fiserv Price Performance

FI traded up $1.54 during trading on Thursday, reaching $231.07. 254,451 shares of the stock were exchanged, compared to its average volume of 2,530,528. The business’s 50 day moving average price is $208.61 and its two-hundred day moving average price is $192.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization 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. Fiserv has a 1 year low of $140.26 and a 1 year high of $231.61.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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, equities research analysts anticipate that Fiserv will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter worth $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter worth $31,000. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% in 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 bought a new stake in shares of Fiserv in the 3rd quarter worth $40,000. Institutional investors own 90.98% of the company’s stock.

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.