Fiserv (NYSE:FI) Price Target Increased to $180.00 by Analysts at Royal Bank of Canada

Fiserv (NYSE:FI) had its price objective boosted by Royal Bank of Canada from $158.00 to $180.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 17.42% from the stock’s current price.

FI has been the topic of several other research reports. Stephens upped their price objective on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. BMO Capital Markets increased their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird raised their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays raised their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, StockNews.com initiated coverage on Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Trading Up 0.7 %

FI stock opened at $153.29 on Wednesday. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market cap of $90.25 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The business’s 50 day moving average is $152.39 and its 200-day moving average is $137.45. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the company earned $1.58 EPS. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts anticipate that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently bought and sold shares of FI. Hollencrest Capital Management boosted its holdings in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. 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.