Fiserv (NASDAQ:FISV) PT Raised to $125.00 at UBS Group

Fiserv (NASDAQ:FISV) had its price objective boosted by UBS Group from $120.00 to $125.00 in a research note published on Friday, Stock Target Advisor reports. They currently have a buy rating on the business services provider’s stock.

FISV has been the topic of a number of other research reports. Citigroup upgraded shares of Fiserv from a neutral rating to a buy rating in a research note on Thursday, August 29th. Wedbush upped their price target on shares of Fiserv from $95.00 to $105.00 and gave the company an outperform rating in a research note on Monday, July 15th. Atlantic Securities assumed coverage on shares of Fiserv in a research note on Tuesday, September 3rd. They issued a neutral rating and a $131.00 price target on the stock. Robert W. Baird upped their price target on shares of Fiserv from $122.00 to $130.00 and gave the company an outperform rating in a research note on Thursday. Finally, Argus reiterated a buy rating on shares of Fiserv in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. Fiserv currently has an average rating of Buy and an average price target of $107.85.

FISV traded up $0.96 during trading on Friday, hitting $110.61. The company had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. Fiserv has a one year low of $68.45 and a one year high of $111.46. The company has a market capitalization of $40.87 billion, a PE ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78. The firm’s 50-day moving average price is $104.63 and its 200 day moving average price 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.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business earned $0.87 EPS. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Fiserv will post 4.03 earnings per share for the current year.

In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the completion of the sale, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the sale, the insider now directly owns 372,447 shares of the company’s stock, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. Insiders sold a total of 126,000 shares of company stock valued at $13,422,250 in the last three months. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of FISV. Baystate Wealth Management LLC lifted its stake in Fiserv by 13.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 4,719 shares of the business services provider’s stock valued at $437,000 after purchasing an additional 568 shares during the last quarter. Fulton Bank N.A. lifted its stake in Fiserv by 7.0% in the 2nd quarter. Fulton Bank N.A. now owns 18,407 shares of the business services provider’s stock valued at $1,678,000 after purchasing an additional 1,204 shares during the last quarter. Summit Financial Group Inc. lifted its stake in Fiserv by 1.7% in the 2nd quarter. Summit Financial Group Inc. now owns 19,916 shares of the business services provider’s stock valued at $1,816,000 after purchasing an additional 338 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in Fiserv by 12.4% in the 2nd 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 purchasing an additional 2,242 shares during the last quarter. Finally, Cooper Financial Group bought a new position in Fiserv in the 2nd quarter valued at approximately $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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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