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

Fiserv (NYSE:FI) had its price objective hoisted by UBS Group from $185.00 to $240.00 in a research note released on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the business services provider’s stock.

FI has been the subject of several other reports. KeyCorp raised their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Citigroup raised their price objective on Fiserv from $187.00 to $226.00 in a research note on Tuesday. Robert W. Baird raised their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley raised 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. Finally, TD Cowen raised their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Stock Performance

NYSE FI opened at $199.52 on Wednesday. The stock has a market capitalization of $116.74 billion, a PE ratio of 37.29, a P/E/G ratio of 1.44 and a beta of 0.93. The business has a 50 day simple moving average of $180.04 and a two-hundred day simple moving average of $162.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 1-year low of $111.53 and a 1-year high of $204.50.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. On average, research analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FI. Wellington Management Group LLP acquired a new stake in Fiserv during the 4th quarter worth about $3,292,000. Dynamic Advisor Solutions LLC lifted its position in Fiserv by 5.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after acquiring an additional 413 shares during the period. Brookstone Capital Management lifted its position in Fiserv by 313.1% during the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after acquiring an additional 20,282 shares during the period. Aspiriant LLC acquired a new stake in Fiserv during the 1st quarter worth about $238,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Fiserv during the 1st quarter worth about $254,000. 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.