Royal Bank of Canada Raises Fiserv (NYSE:FI) Price Target to $180.00

Fiserv (NYSE:FI) had its target price hoisted by Royal Bank of Canada from $158.00 to $180.00 in a research note issued to investors on Wednesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently issued reports on FI. BNP Paribas raised Fiserv from a neutral rating to an outperform rating in a report on Wednesday, January 10th. Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a report on Monday, April 1st. Evercore ISI reaffirmed an outperform rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. BMO Capital Markets lifted their price target on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Robert W. Baird lifted their target price on Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $164.33.

Fiserv Trading Down 2.0 %

NYSE:FI opened at $152.25 on Wednesday. The firm has a market cap of $89.64 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The stock has a fifty day moving average price of $152.28 and a 200 day moving average price of $137.34. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99. 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 earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Sell-side analysts anticipate that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last quarter. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in FI. Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.