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

Fiserv (NYSE:FI) had its target price boosted by UBS Group from $170.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the business services provider’s stock.

Several other research firms have also weighed in on FI. Stephens reissued an equal weight rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday. Mizuho reissued a buy rating and set a $156.00 price objective on shares of Fiserv in a research note on Wednesday, March 27th. Susquehanna raised their price objective on Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research note on Monday, March 25th. KeyCorp raised their price objective on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a research note on Monday. Finally, Oppenheimer raised Fiserv from a market perform rating to an outperform rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Stock Down 2.0 %

FI opened at $152.25 on Wednesday. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The stock has a market cap of $89.64 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.27 and a beta of 0.91. The stock’s 50 day moving average price is $152.28 and its 200 day moving average price is $137.34.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. As a group, research analysts predict that Fiserv will post 8.63 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the third quarter valued at about $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv in the fourth quarter valued at about $5,885,279,000. Capital World Investors acquired a new stake in shares of Fiserv in the fourth quarter valued at about $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Fiserv in the fourth quarter valued at about $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in Fiserv during the fourth quarter worth about $927,298,000. 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.