Fiserv (NYSE:FI) Given New $250.00 Price Target at Susquehanna

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

A number of other equities research analysts also recently commented on FI. KeyCorp lifted their target price 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. Barclays upped their price objective on Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. StockNews.com began coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $234.79.

Fiserv Stock Down 0.8 %

Shares of NYSE:FI traded down $1.60 during trading on Tuesday, reaching $208.51. 3,571,247 shares of the stock traded hands, compared to its average volume of 2,718,771. Fiserv has a 52-week low of $146.25 and a 52-week high of $238.59. The stock has a market cap of $116.47 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock has a 50-day moving average of $219.31 and a two-hundred day moving average of $211.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 17.93% and a net margin of 15.31%. As a group, sell-side analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related 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 value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently added to or reduced their stakes in the stock. Vega Investment Solutions bought a new stake in shares of Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $28,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new position in Fiserv in the fourth quarter worth approximately $29,000. Finally, Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is currently 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.