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

Fiserv (NYSE:FI) had its price objective increased by Susquehanna from $230.00 to $270.00 in a research note published on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Barclays boosted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday. Finally, Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

FI stock opened at $230.55 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock’s 50 day moving average price is $209.01 and its 200 day moving average price is $193.75. The firm has a market cap of $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94. Fiserv has a 1 year low of $142.47 and a 1 year high of $233.26.

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 17.93% and a net margin of 15.31%. On average, sell-side analysts expect that Fiserv will post 10.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently made changes to their positions in FI. Jacobi Capital Management LLC lifted its stake in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after buying an additional 45 shares during the last quarter. Catalina Capital Group LLC lifted its position in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares during the period. Finally, Hemington Wealth Management grew its position in shares of Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after buying an additional 50 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.