Fiserv (NASDAQ:FISV) Given New $125.00 Price Target at UBS Group

Fiserv (NASDAQ:FISV) had its price objective hoisted by equities research analysts at UBS Group from $120.00 to $125.00 in a report released on Friday, Stock Target Advisor reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 13.01% from the company’s current price.

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Other research analysts have also recently issued research reports about the stock. Atlantic Securities initiated coverage on shares of Fiserv in a report on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price target for the company. Wedbush boosted their price target on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Fiserv in a report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price target for the company. Oppenheimer boosted 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. Finally, Argus reiterated a “buy” rating on shares of Fiserv in a report 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.85.

FISV stock traded up $0.96 during trading on Friday, reaching $110.61. 4,201,000 shares of the stock were exchanged, compared to its average volume of 4,555,937. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv has a 1 year low of $68.45 and a 1 year high of $111.46. The firm has a market capitalization of $40.87 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78. The business has a 50 day moving average price of $104.63 and a 200-day moving average price of $97.58.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping the 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Fiserv will post 4.03 EPS for the current year.

In other news, Chairman Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 291,429 shares in the company, valued at approximately $31,314,046.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the sale, the executive vice president now owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The disclosure for this sale can be found here. Insiders have sold a total of 126,000 shares of company stock valued at $13,422,250 in the last 90 days. Insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cetera Investment Advisers raised its position in Fiserv by 4.9% in the 3rd quarter. Cetera Investment Advisers now owns 8,795 shares of the business services provider’s stock valued at $908,000 after purchasing an additional 409 shares during the last quarter. First Allied Advisory Services Inc. raised its position in Fiserv by 188.2% in the 3rd quarter. First Allied Advisory Services Inc. now owns 7,519 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 4,910 shares during the last quarter. BancorpSouth Bank raised its position in Fiserv by 3.5% in the 3rd quarter. BancorpSouth Bank now owns 15,814 shares of the business services provider’s stock valued at $1,638,000 after purchasing an additional 530 shares during the last quarter. Close Asset Management Ltd raised its position in Fiserv by 1.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,120,242 shares of the business services provider’s stock valued at $116,035,000 after purchasing an additional 12,541 shares during the last quarter. Finally, Corient Capital Partners LLC raised its position in Fiserv by 61.8% in the 3rd quarter. Corient Capital Partners LLC now owns 10,026 shares of the business services provider’s stock valued at $1,039,000 after purchasing an additional 3,828 shares during the last quarter.

Fiserv Company Profile

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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Stock Target Advisor

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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