Fiserv (NYSE:FI) Price Target Increased to $183.00 by Analysts at Royal Bank of Canada

Fiserv (NYSE:FI) had its target price increased by Royal Bank of Canada from $180.00 to $183.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other analysts have also issued reports about the company. StockNews.com upgraded Fiserv from a hold rating to a buy rating in a research note on Wednesday, June 26th. Stephens restated an equal weight rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. B. Riley boosted their target price on Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. TD Cowen boosted their target price on Fiserv from $167.00 to $175.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on Fiserv from $169.00 to $176.00 and gave the stock an overweight rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $172.29.

Fiserv Stock Performance

Shares of FI opened at $159.94 on Thursday. The firm has a market cap of $93.58 billion, a PE ratio of 29.90, a PEG ratio of 1.30 and a beta of 0.92. The stock’s fifty day moving average price is $151.29 and its two-hundred day moving average price is $150.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 1 year low of $109.11 and a 1 year high of $162.47.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv will post 8.73 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,800 shares of company stock valued at $7,696,448. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the 1st quarter worth approximately $25,000. Halpern Financial Inc. purchased a new stake in Fiserv during the 4th quarter valued at $27,000. GW&K Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv during the 4th quarter valued at $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in Fiserv during the 4th quarter valued at $30,000. 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.