Brokerages Set Fiserv, Inc. (NYSE:FI) Price Target at $196.11

Shares of Fiserv, Inc. (NYSE:FI) have received an average rating of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $181.8889.

A number of brokerages have weighed in on FI. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Jefferies Financial Group lowered their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research report on Thursday, October 16th. Barclays set a $175.00 price target on Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th.

Hedge Funds Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FI. Sound Income Strategies LLC acquired a new position in shares of Fiserv in the third quarter valued at approximately $28,000. Activest Wealth Management grew its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. True Wealth Design LLC grew its position in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv in the second quarter valued at approximately $34,000. Finally, Clear Street LLC acquired a new position in shares of Fiserv in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $126.30 on Tuesday. The business’s 50 day moving average price is $130.79 and its two-hundred day moving average price is $154.90. The company has a market cap of $68.66 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv has a twelve month low of $117.84 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. On average, analysts predict that Fiserv will post 10.23 EPS for the current year.

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.