Fiserv’s (FI) “Sell” Rating Reaffirmed at Redburn Atlantic

Redburn Atlantic reiterated their sell rating on shares of Fiserv (NYSE:FI) in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $150.00 price target on the business services provider’s stock.

A number of other equities analysts have also issued reports on FI. KeyCorp increased their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Susquehanna lowered their price objective on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating on the stock in a research note on Tuesday. Finally, StockNews.com began coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $234.79.

Fiserv Trading Down 0.8 %

NYSE:FI opened at $208.51 on Thursday. The firm 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. The business has a 50 day simple moving average of $219.74 and a 200 day simple moving average of $211.11. 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 12-month low of $145.98 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. Equities research analysts predict that Fiserv will post 10.23 EPS for the current year.

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

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of FI. NBT Bank N A NY raised its position in shares of Fiserv by 8.3% during the first quarter. NBT Bank N A NY now owns 8,284 shares of the business services provider’s stock worth $1,829,000 after acquiring an additional 635 shares during the last quarter. Chicago Capital LLC boosted its stake in shares of Fiserv by 69.5% in the 1st quarter. Chicago Capital LLC now owns 14,169 shares of the business services provider’s stock valued at $3,129,000 after purchasing an additional 5,809 shares during the last quarter. Patton Fund Management Inc. bought a new stake in shares of Fiserv during the first quarter worth approximately $2,998,000. Grove Bank & Trust lifted its holdings in Fiserv by 83.9% in the first quarter. Grove Bank & Trust now owns 697 shares of the business services provider’s stock valued at $154,000 after buying an additional 318 shares during the period. Finally, Sagespring Wealth Partners LLC grew its holdings in Fiserv by 20.7% during the 1st quarter. Sagespring Wealth Partners LLC now owns 15,308 shares of the business services provider’s stock worth $3,380,000 after acquiring an additional 2,621 shares during the period. 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.