BMO Capital Markets Increases Fiserv (NYSE:FI) Price Target to $168.00

Fiserv (NYSE:FI) had its price objective raised by BMO Capital Markets from $163.00 to $168.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

FI has been the topic of a number of other research reports. Jefferies Financial Group boosted their target price on Fiserv from $150.00 to $160.00 and gave the company a hold rating in a research note on Monday, March 25th. Barclays upped their price target on Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Royal Bank of Canada upped their price target on Fiserv from $144.00 to $158.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Mizuho reiterated a buy rating and set a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Finally, Stephens upped their price target on Fiserv from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Stock Performance

Shares of NYSE FI opened at $155.89 on Wednesday. The business’s 50-day moving average price is $152.54 and its two-hundred day moving average price 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 one year low of $109.11 and a one year high of $159.99. The company has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating 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 firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Large investors have recently bought and sold shares of the business. West Oak Capital LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. ZRC Wealth Management LLC bought a new stake in Fiserv during the 1st quarter worth approximately $32,000. Halpern Financial Inc. bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. Finally, GW&K Investment Management LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. 90.98% of the stock is currently owned by 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.