Fiserv (NYSE:FI) Price Target Lowered to $250.00 at Susquehanna

Fiserv (NYSE:FI) had its price objective lowered by Susquehanna from $270.00 to $250.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a positive rating on the business services provider’s stock.

Several other equities analysts have also commented on the stock. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com started coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.48.

Fiserv Price Performance

Shares of NYSE:FI opened at $212.83 on Tuesday. Fiserv has a 1-year low of $145.98 and a 1-year high of $238.59. The stock has a market cap of $118.88 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock’s fifty day simple moving average is $220.58 and its two-hundred day simple moving average is $210.92. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the business. Vega Investment Solutions purchased a new stake in Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the fourth quarter valued at $28,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth about $29,000. Valley National Advisers Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $29,000. Finally, Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter worth $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.