Fiserv’s (FI) Sell Rating Reiterated 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 Ratings reports. They currently have a $150.00 price objective on the business services provider’s stock.

Several other equities research analysts also recently commented on FI. Barclays upped their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating for the company. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $234.79.

Fiserv Stock Performance

Shares of Fiserv stock opened at $208.51 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average price of $219.31 and a 200-day moving average price of $211.50. Fiserv has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a market cap of $116.47 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board 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 that occurred 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 sale, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vega Investment Solutions purchased a new position in shares of Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv during the fourth quarter worth $28,000. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth $29,000. Finally, Compass Financial Services Inc purchased a new position in shares of Fiserv during the fourth quarter valued at about $31,000. 90.98% of the stock is owned by hedge funds and other 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.