UBS Group Raises Fiserv (NYSE:FI) Price Target to $185.00

Fiserv (NYSE:FI) had its price objective hoisted by analysts at UBS Group from $170.00 to $185.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 20.69% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Barclays upped their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. BMO Capital Markets upped their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird upped their price target on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com began coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Performance

Shares of Fiserv stock opened at $153.29 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The company’s fifty day moving average is $152.39 and its 200 day moving average is $137.45.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Sell-side analysts forecast that Fiserv will post 8.63 EPS for the current year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

A number of hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $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.