UBS Group Increases Fiserv (NASDAQ:FISV) Price Target to $125.00

Fiserv (NASDAQ:FISV) had its price target hoisted by research analysts at UBS Group from $120.00 to $125.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s target price indicates a potential upside of 13.01% from the company’s current price.

FISV has been the subject of a number of other research reports. Atlantic Securities initiated coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price target for the company. Argus reaffirmed a “buy” rating on shares of Fiserv in a report on Monday, August 12th. Oppenheimer raised their price target on shares of Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $120.00 in a report on Tuesday, July 30th. Finally, Robert W. Baird raised their price target on shares of Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. Fiserv has a consensus rating of “Buy” and an average price target of $107.85.

NASDAQ:FISV traded up $0.96 during mid-day trading on Friday, hitting $110.61. 4,201,000 shares of the stock traded hands, compared to its average volume of 4,555,937. Fiserv has a 52 week low of $68.45 and a 52 week high of $111.46. The firm’s 50 day moving average is $104.63 and its two-hundred day moving average is $97.58. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a market capitalization of $40.87 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. As a group, research analysts predict that Fiserv will post 4.03 EPS for the current year.

In related news, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the sale, the insider now owns 372,447 shares in the company, valued at $40,112,541.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the sale, the chairman now owns 291,429 shares in the company, valued at approximately $31,314,046.05. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock worth $13,422,250 in the last quarter. Company insiders own 1.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in FISV. Baystate Wealth Management LLC grew its position in Fiserv by 13.7% during the second quarter. Baystate Wealth Management LLC now owns 4,719 shares of the business services provider’s stock valued at $437,000 after buying an additional 568 shares during the period. Fulton Bank N.A. grew its position in Fiserv by 7.0% during the second quarter. Fulton Bank N.A. now owns 18,407 shares of the business services provider’s stock valued at $1,678,000 after buying an additional 1,204 shares during the period. Summit Financial Group Inc. grew its position in Fiserv by 1.7% during the second quarter. Summit Financial Group Inc. now owns 19,916 shares of the business services provider’s stock valued at $1,816,000 after buying an additional 338 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its position in Fiserv by 12.4% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 20,313 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 2,242 shares during the period. Finally, Cooper Financial Group acquired a new stake in Fiserv during the second quarter valued at $212,000.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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