Fiserv (NYSE:FI) Price Target Cut to $250.00 by Analysts at Susquehanna

Fiserv (NYSE:FI) had its target price lowered by equities research analysts at Susquehanna from $270.00 to $250.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “positive” rating on the business services provider’s stock. Susquehanna’s price objective suggests a potential upside of 16.56% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. StockNews.com started coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Barclays raised their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $238.48.

Fiserv Stock Performance

NYSE:FI traded up $2.23 during midday trading on Tuesday, reaching $214.47. The stock had a trading volume of 294,960 shares, compared to its average volume of 2,707,554. The stock has a market cap of $119.80 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv has a 12-month low of $145.98 and a 12-month high of $238.59. The firm has a fifty day simple moving average of $220.94 and a two-hundred day simple moving average of $210.90.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts expect that Fiserv will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has initiated a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

Several hedge funds have recently bought and sold shares of the company. Jacobi Capital Management LLC increased its stake in shares of Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock valued at $794,000 after acquiring an additional 44 shares during the period. Parkside Financial Bank & Trust raised its stake in Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 45 shares in the last quarter. Catalina Capital Group LLC boosted its position in Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after acquiring an additional 48 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

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.