Fiserv (NYSE:FI) Price Target Raised to $270.00 at Royal Bank of Canada

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

Other equities analysts also recently issued reports about the stock. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.13.

Fiserv Price Performance

NYSE:FI opened at $231.05 on Thursday. The stock has a market capitalization of $131.45 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv has a 52 week low of $140.26 and a 52 week high of $232.25. 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’s 50-day moving average price is $208.61 and its 200-day moving average price is $192.51.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS 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%. As a group, equities analysts expect that Fiserv will post 8.77 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestmark Advisory Solutions Inc. purchased a new stake in Fiserv during the 4th quarter worth about $281,000. Washington Trust Advisors Inc. grew its position in shares of Fiserv by 283.9% during the fourth quarter. Washington Trust Advisors Inc. now owns 952 shares of the business services provider’s stock worth $196,000 after buying an additional 704 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $723,000. Raymond James Financial Inc. purchased a new position in Fiserv in the fourth quarter worth approximately $614,982,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Fiserv by 655.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 19,475 shares of the business services provider’s stock worth $4,001,000 after acquiring an additional 16,897 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.