Fiserv (NYSE:FI) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Fiserv (NYSE:FIFree Report) in a report published on Wednesday, Benzinga reports. Royal Bank of Canada currently has a $183.00 price target on the business services provider’s stock.

A number of other equities research analysts have also recently weighed in on FI. B. Riley boosted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a buy rating in a research report on Thursday, July 25th. BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a buy rating and a $200.00 price target for the company. KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the company an overweight rating in a research report on Thursday, July 25th. William Blair raised shares of Fiserv to a strong-buy rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $177.64.

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Fiserv Price Performance

Fiserv stock opened at $185.40 on Wednesday. The stock has a market cap of $108.48 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a fifty day simple moving average of $170.71 and a 200-day simple moving average of $158.79. Fiserv has a 12-month low of $109.11 and a 12-month high of $185.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 EPS. Equities analysts expect that Fiserv will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently modified their holdings of FI. Belpointe Asset Management LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $346,000. Edge Capital Group LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $241,000. Lake Street Advisors Group LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $604,000. Optiver Holding B.V. acquired a new stake in shares of Fiserv in the fourth quarter worth $54,000. Finally, Capital Research Global Investors acquired a new stake in shares of Fiserv in the fourth quarter worth $71,295,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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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.

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Analyst Recommendations for Fiserv (NYSE:FI)

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