Morgan Stanley Boosts Fiserv (NYSE:FI) Price Target to $267.00

Fiserv (NYSE:FI) had its price objective boosted by equities research analysts at Morgan Stanley from $258.00 to $267.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 16.00% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Mizuho boosted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and a consensus price target of $235.91.

Fiserv Stock Down 0.5 %

Shares of NYSE FI opened at $230.18 on Thursday. The firm has a fifty day simple moving average of $208.82 and a two-hundred day simple moving average of $192.78. The firm has a market capitalization of $130.95 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv has a 12 month low of $142.14 and a 12 month high of $233.26.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Equities analysts expect that Fiserv will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Several large investors have recently added to or reduced their stakes in FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Marshall Investment Management LLC purchased a new position in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the fourth quarter valued at about $31,000. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% in the third 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 position in shares of Fiserv in the third quarter worth about $40,000. 90.98% of the stock is currently owned by institutional investors.

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.