BMO Capital Markets Increases Fiserv (NYSE:FI) Price Target to $232.00

Fiserv (NYSE:FI) had its price objective increased by research analysts at BMO Capital Markets from $222.00 to $232.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 9.49% from the company’s current price.

Several other research analysts have also recently issued reports on the company. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Barclays upped 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. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.52.

Fiserv Stock Performance

Shares of NYSE FI traded up $0.97 during trading on Monday, reaching $211.89. The stock had a trading volume of 278,329 shares, compared to its average volume of 2,468,510. The stock has a market cap of $120.55 billion, a PE ratio of 40.77, a P/E/G ratio of 1.61 and a beta of 0.92. The firm’s 50 day moving average price is $191.36 and its two-hundred day moving average price is $168.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv has a one year low of $121.86 and a one year high of $215.50.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned $1.96 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that Fiserv will post 8.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 40.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,711 shares of company stock worth $47,477,232. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Sanders Capital LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at $764,543,000. FMR LLC lifted its holdings in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Capital World Investors increased its position in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new stake in shares of Fiserv in the third quarter valued at about $172,993,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Fiserv in the second quarter valued at about $105,031,000. 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.