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

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

A number of other brokerages have also issued reports on FI. Evercore ISI restated an outperform rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Robert W. Baird increased their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a research report on Wednesday. Mizuho reiterated a buy rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. B. Riley increased their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Susquehanna increased their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of Moderate Buy and a consensus target price of $164.33.

Fiserv Stock Performance

Shares of NYSE:FI opened at $155.89 on Wednesday. The company’s 50 day moving average price is $152.54 and its two-hundred day moving average price is $137.74. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market cap of $91.21 billion, a PE ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91. 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 (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Fiserv will post 8.69 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several large investors have recently modified their holdings of FI. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

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.