Fiserv (NYSE:FI) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Fiserv (NYSE:FI) had its price target raised by equities research analysts at Royal Bank of Canada from $255.00 to $270.00 in a research report issued to clients and investors on Thursday,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 17.30% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup upped their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Buy” and an average price target of $235.91.

Fiserv Price Performance

NYSE:FI opened at $230.18 on Thursday. Fiserv has a 12-month low of $142.14 and a 12-month high of $233.26. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94. The stock’s 50 day moving average price is $208.82 and its two-hundred day moving average price is $192.78. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, analysts anticipate that Fiserv will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of FI. Valley National Advisers Inc. bought a new position in Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in Fiserv during the 4th quarter worth approximately $31,000. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter valued at approximately $40,000. 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.