Fiserv (NYSE:FI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Fiserv (NYSE:FI) had its target price lifted by analysts at BMO Capital Markets from $222.00 to $232.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 7.83% from the company’s current price.

Several other equities research analysts have also recently commented on the company. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Morgan Stanley lifted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.52.

Fiserv Stock Performance

Shares of NYSE:FI opened at $215.15 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv has a 1 year low of $121.86 and a 1 year high of $216.93. The firm has a market capitalization of $122.40 billion, a PE ratio of 41.38, a P/E/G ratio of 1.61 and a beta of 0.92. The business’s 50 day moving average price is $193.02 and its 200-day moving average price is $169.59.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, equities research analysts expect 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 shares were 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 owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock valued at $44,299,745 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the first quarter worth approximately $25,000. Family Firm Inc. purchased a new position in Fiserv during the 2nd quarter worth $31,000. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. 90.98% of the stock is currently 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.