Fiserv (NYSE:FI) Reaches New 52-Week High – What’s Next?

Fiserv, Inc. (NYSE:FI)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $234.53 and last traded at $234.16, with a volume of 311384 shares traded. The stock had previously closed at $230.60.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho boosted their price target 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. Wells Fargo & Company increased their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a fifty day moving average of $211.33 and a two-hundred day moving average of $196.66. The stock has a market capitalization of $134.28 billion, a P/E ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. On average, analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in shares of Fiserv by 4.7% during the third quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock worth $26,661,000 after buying an additional 6,649 shares during the period. Blue Trust Inc. raised its stake in shares of Fiserv by 197.1% in the third quarter. Blue Trust Inc. now owns 5,490 shares of the business services provider’s stock worth $986,000 after purchasing an additional 3,642 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in Fiserv by 8.0% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 214 shares during the period. Bellecapital International Ltd. boosted its holdings in shares of Fiserv by 0.9% in the 3rd quarter. Bellecapital International Ltd. now owns 73,448 shares of the business services provider’s stock valued at $13,195,000 after acquiring an additional 676 shares during the last quarter. Finally, Castleview Partners LLC increased its stake in shares of Fiserv by 3.3% in the third quarter. Castleview Partners LLC now owns 2,566 shares of the business services provider’s stock worth $461,000 after acquiring an additional 82 shares during the period. 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.