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

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

A number of other research firms have also recently weighed in on FI. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research note on Monday, March 25th. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a report on Monday, April 1st. BNP Paribas upgraded shares of Fiserv from a neutral rating to an outperform rating in a report on Wednesday, January 10th. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Evercore ISI reiterated an outperform rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Stock Performance

NYSE FI opened at $155.89 on Wednesday. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. The firm’s 50 day simple moving average is $152.54 and its 200 day simple moving average is $137.90.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 16.68% and a return on equity of 15.73%. The company’s revenue 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. As a group, research analysts expect that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 111,575 shares of company stock valued at $17,022,387 in the last three months. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of institutional investors have recently modified their holdings of FI. DAVENPORT & Co LLC lifted its stake in Fiserv by 18.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after purchasing an additional 2,002 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Fiserv by 76.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 5,031 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Fiserv by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 1,859 shares in the last quarter. Private Trust Co. NA lifted its stake in Fiserv by 60.4% in the 3rd quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after purchasing an additional 821 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Fiserv by 1.0% in the 3rd quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after purchasing an additional 147 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

About Fiserv

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.