Teacher Retirement System of Texas cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,955 shares of the business services provider’s stock after selling 43,425 shares during the period. Teacher Retirement System of Texas’ holdings in Fiserv were worth $7,861,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in FISV. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $104,000. Parallel Advisors LLC grew its position in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $122,000. Trust Co. of Vermont grew its position in shares of Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares during the last quarter. Finally, Sun Life Financial INC grew its position in shares of Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
A number of brokerages have recently issued reports on FISV. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. SunTrust Banks, Inc. restated a “hold” rating and set a $130.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Cowen and Company restated a “hold” rating and set a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, Robert W. Baird restated an “outperform” rating and set a $146.00 target price (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $128.45.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the sale, the insider now owns 313,835 shares of the company’s stock, valued at $39,926,088.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last three months, insiders sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is owned by corporate insiders.
Fiserv, Inc. (NASDAQ FISV) opened at $128.39 on Friday. Fiserv, Inc. has a 1 year low of $102.51 and a 1 year high of $130.20. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $27,080.00, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.22 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business posted $1.14 EPS. Fiserv’s revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current year.
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Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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