Fiserv (NYSE:FI) Price Target Raised to $240.00 at UBS Group

Fiserv (NYSE:FI) had its price objective boosted by equities research analysts at UBS Group from $185.00 to $240.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 18.95% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird upped their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research report on Tuesday. Stephens upped their price target on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets upped their price target on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.16.

Fiserv Stock Performance

Shares of NYSE FI traded up $2.09 during mid-day trading on Wednesday, reaching $201.76. 1,047,956 shares of the company’s stock were exchanged, compared to its average volume of 2,471,831. The firm has a market capitalization of $118.05 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv has a 52 week low of $111.53 and a 52 week high of $202.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average price of $178.52 and a two-hundred day moving average price of $161.81.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Fiserv will post 8.74 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. increased its stake in Fiserv by 1.1% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 19,869 shares of the business services provider’s stock worth $3,569,000 after acquiring an additional 211 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Fiserv by 46.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock worth $874,000 after acquiring an additional 1,542 shares during the last quarter. Romano Brothers AND Company increased its stake in Fiserv by 4.9% in the 3rd quarter. Romano Brothers AND Company now owns 74,252 shares of the business services provider’s stock worth $13,339,000 after acquiring an additional 3,450 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Fiserv in the 3rd quarter worth approximately $202,000. Finally, Courier Capital LLC bought a new stake in Fiserv in the 3rd quarter worth approximately $238,000. Institutional investors own 90.98% of the company’s stock.

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.