Susquehanna Has Lowered Expectations for Fiserv (NYSE:FI) Stock Price

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

A number of other brokerages have also issued reports on FI. Barclays upped their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They set a “buy” rating on the stock. BMO Capital Markets boosted their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada raised their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.79.

Fiserv Trading Down 0.8 %

Shares of FI opened at $208.51 on Tuesday. Fiserv has a one year low of $145.98 and a one year high of $238.59. The stock has a 50-day moving average price of $219.74 and a 200 day moving average price of $211.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market capitalization of $116.47 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FI. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $28,000. Valley National Advisers Inc. purchased a new position in Fiserv in the 4th quarter worth about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the 4th quarter worth about $29,000. Finally, Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.