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

Fiserv (NYSE:FI) had its price objective boosted by Royal Bank of Canada from $255.00 to $270.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Several other analysts also recently weighed in on FI. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Three equities 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $232.13.

Fiserv Price Performance

FI stock opened at $231.05 on Thursday. The business has a 50 day moving average price of $208.61 and a 200 day moving average price of $192.51. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $131.45 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94. Fiserv has a fifty-two week low of $140.26 and a fifty-two week high of $232.25.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Equities research analysts anticipate that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Capital LLC purchased a new position in shares of Fiserv during the 3rd quarter worth approximately $764,543,000. Raymond James Financial Inc. acquired a new stake in Fiserv during the 4th quarter valued at $614,982,000. FMR LLC increased its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv in the third quarter worth $172,993,000. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after acquiring an additional 561,377 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.