Fiserv (NYSE:FI) PT Raised to $185.00

Fiserv (NYSE:FI) had its price objective increased by analysts at UBS Group from $170.00 to $185.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would suggest a potential upside of 20.69% from the company’s current price.

Other research analysts also recently issued research reports about the company. Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Morgan Stanley raised their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. KeyCorp raised their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Finally, Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 0.7 %

NYSE:FI opened at $153.29 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $152.39 and its two-hundred day moving average is $137.45. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market cap of $90.25 billion, a PE ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Fiserv will post 8.63 EPS for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on 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 directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently modified their holdings of FI. DAVENPORT & Co LLC boosted its stake in shares of Fiserv by 18.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 2,002 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Fiserv by 76.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 5,031 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Fiserv by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 1,859 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Fiserv by 60.4% during the 3rd quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after acquiring an additional 821 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Fiserv by 1.0% during the 3rd quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after acquiring an additional 147 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.