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

Fiserv (NYSE:FI) had its price objective raised by equities research analysts at UBS Group from $170.00 to $185.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 21.39% from the company’s previous close.

Several other analysts also recently issued reports on the stock. B. Riley raised their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho reaffirmed a “buy” rating and set a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Truist Financial lifted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $161.46.

Fiserv Price Performance

FI stock traded down $2.99 during trading on Wednesday, reaching $152.40. The company’s stock had a trading volume of 940,687 shares, compared to its average volume of 2,530,884. The company has a market capitalization of $89.73 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. The company’s fifty day moving average is $152.14 and its 200-day moving average is $137.23. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. On average, research analysts expect that Fiserv will post 8.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Hollencrest Capital Management boosted its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. GW&K Investment Management LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Institutional investors and hedge funds 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.