Fiserv's (FI) Sell Rating Reaffirmed at Redburn Atlantic

Fiserv (NYSE:FI - Get Free Report)'s stock had its "sell" rating restated by analysts at Redburn Atlantic in a report released on Thursday, Marketbeat reports. They currently have a $150.00 price objective on the business services provider's stock. Redburn Atlantic's price target suggests a potential downside of 29.12% from the company's current price.

A number of other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Susquehanna lowered their target price on Fiserv from $270.00 to $250.00 and set a "positive" rating on the stock in a report on Tuesday, April 15th. Finally, Citigroup raised their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.79.

Fiserv Stock Performance

FI traded up $4.17 during trading hours on Thursday, hitting $211.63. 993,460 shares of the stock were exchanged, compared to its average volume of 2,712,795. The stock has a market cap of $118.21 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a 50-day simple moving average of $218.91 and a 200-day simple moving average of $211.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Analysts anticipate that Fiserv will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobi Capital Management LLC lifted its stake in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its stake in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after buying an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its position in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the period. Finally, Rappaport Reiches Capital Management LLC raised its stake in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after acquiring an additional 48 shares in the last quarter. 90.98% of the stock is owned by 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.