Fiserv (NYSE:FI) Given New $233.00 Price Target at Citigroup

Fiserv (NYSE:FI - Get Free Report) had its price target upped by Citigroup from $230.00 to $233.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Citigroup's target price would suggest a potential upside of 13.90% from the stock's previous close.

Several other research analysts have also weighed in on the stock. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, October 18th. KeyCorp boosted their target price on Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $223.17.

Fiserv Stock Up 1.5 %

FI traded up $3.03 on Tuesday, hitting $204.56. 2,680,171 shares of the company were exchanged, compared to its average volume of 2,290,106. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock's fifty day moving average is $209.69 and its 200-day moving average is $186.07. The company has a market cap of $116.38 billion, a PE ratio of 39.34, a PEG ratio of 1.56 and a beta of 0.94. Fiserv has a 12 month low of $135.97 and a 12 month high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. Equities research analysts predict that Fiserv will post 8.77 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last three months. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of the company. Sanders Capital LLC acquired a new position in Fiserv during the 3rd quarter worth about $764,543,000. FMR LLC lifted its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Maj Invest Holding A S bought a new stake in Fiserv in the third quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC increased its position in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC raised its holdings in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider's stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. 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.