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

Fiserv (NYSE:FI) had its price target boosted by Royal Bank of Canada from $158.00 to $180.00 in a research report released 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 have also issued reports on FI. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research report on Monday, March 25th. Jefferies Financial Group lifted their target price on Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a research report on Monday, March 25th. B. Riley lifted their target price on Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday. BNP Paribas raised Fiserv from a neutral rating to an outperform rating in a research report on Wednesday, January 10th. Finally, Truist Financial boosted their price objective on Fiserv from $140.00 to $145.00 and gave the company a hold rating in a report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $164.33.

Fiserv Trading Up 1.7 %

NYSE:FI opened at $155.89 on Wednesday. The business’s 50-day moving average is $152.54 and its two-hundred day moving average is $137.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The firm has a market capitalization of $91.21 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (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 previous year, the company earned $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the business. Meritage Portfolio Management purchased a new stake in shares of Fiserv in the fourth quarter valued at $995,000. Piscataqua Savings Bank purchased a new stake in shares of Fiserv in the fourth quarter valued at $67,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $78,000. Liberty Capital Management Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at $84,583,000. 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.