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

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

FISV has been the subject of several other reports. Wedbush raised their target price on Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Argus restated a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $120.00 in a research note on Tuesday, July 30th. JPMorgan Chase & Co. started coverage on Fiserv in a research note on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 target price for the company. Finally, ValuEngine downgraded Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $107.85.

NASDAQ FISV opened at $110.61 on Friday. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The business has a fifty day moving average price of $104.63 and a two-hundred day moving average price of $97.58. Fiserv has a fifty-two week low of $68.45 and a fifty-two week high of $111.46. The stock 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.

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

In other Fiserv news, Chairman Jeffery W. Yabuki sold 25,000 shares of Fiserv 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 transaction, the chairman now owns 291,429 shares of the company’s stock, valued at approximately $31,314,046.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Guy Chiarello sold 46,000 shares of Fiserv 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 transaction, the insider now directly owns 372,447 shares in the company, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,000 shares of company stock worth $13,422,250. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of FISV. Truewealth LLC increased its stake in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network purchased a new stake in shares of Fiserv during the 3rd quarter worth approximately $29,000. Advantage Investment Management LLC increased its stake in shares of Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Fiserv during the 3rd quarter worth approximately $31,000. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter.

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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