Fiserv (NYSE:FI) Price Target Increased to $185.00 by Analysts at UBS Group

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

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the stock an outperform rating in a research report on Wednesday. Robert W. Baird boosted their price target on Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a research report on Wednesday. B. Riley boosted their price target on Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research report 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. Finally, StockNews.com assumed coverage on Fiserv in a research note on Saturday, February 3rd. They set a buy rating on the stock. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Stock Down 2.0 %

Fiserv stock opened at $152.25 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The stock has a market capitalization of $89.64 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The business has a 50 day simple moving average of $152.28 and a 200-day simple moving average of $137.34.

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

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently bought and sold shares of FI. Piscataqua Savings Bank purchased a new stake in Fiserv during the 4th quarter worth about $67,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv during the 4th quarter worth about $78,000. Liberty Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter worth about $7,071,000. Birch Hill Investment Advisors LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $84,583,000. Finally, Graypoint LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $3,732,000. Institutional investors and hedge funds 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.