Susquehanna Issues Pessimistic Forecast for Fiserv (NYSE:FI) Stock Price

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

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price target on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. KeyCorp upped their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup lifted 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $234.79.

Fiserv Trading Down 0.8 %

Shares of FI stock traded down $1.60 during trading hours on Tuesday, reaching $208.51. The company had a trading volume of 3,571,247 shares, compared to its average volume of 2,717,959. 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 has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a 50 day moving average of $219.31 and a 200 day moving average of $211.30. The firm has a market cap of $116.47 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts anticipate that Fiserv will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 completion of the sale, the chief operating officer now owns 227,711 shares of the company's stock, 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 can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Fiserv

Several large investors have recently added to or reduced their stakes in FI. Jacobi Capital Management LLC grew its holdings 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 acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in 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 purchasing an additional 44 shares in the last quarter. 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 worth $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC grew its holdings 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 valued at $444,000 after buying an additional 48 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after buying an additional 50 shares during the period. Institutional investors 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.