State of New Jersey Common Pension Fund D decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,548 shares of the business services provider’s stock after selling 24,075 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Fiserv were worth $38,082,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CX Institutional increased its stake in Fiserv by 104.8% in the 2nd quarter. CX Institutional now owns 258 shares of the business services provider’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in Fiserv during the 2nd quarter worth about $34,000. Exchange Traded Concepts LLC acquired a new stake in Fiserv during the 2nd quarter worth about $40,000. Financial Management Professionals Inc. boosted its position in Fiserv by 47.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 447 shares of the business services provider’s stock worth $44,000 after acquiring an additional 144 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv during the 3rd quarter worth about $47,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on Fiserv from $134.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Rosenblatt Securities lifted their price target on Fiserv from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday. Compass Point started coverage on Fiserv in a report on Wednesday, September 16th. They set a “buy” rating and a $130.00 price target for the company. Loop Capital began coverage on Fiserv in a research note on Tuesday, September 22nd. They issued a “hold” rating and a $108.00 price objective on the stock. Finally, Mizuho boosted their price objective on Fiserv from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiserv has an average rating of “Buy” and a consensus target price of $124.00.
Shares of FISV opened at $95.77 on Friday. The firm has a 50 day simple moving average of $100.88 and a two-hundred day simple moving average of $100.66. The company has a market cap of $64.13 billion, a P/E ratio of 76.01, a P/E/G ratio of 1.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a one year low of $73.50 and a one year high of $125.05.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, October 27th. The business services provider reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.05. Fiserv had a return on equity of 8.34% and a net margin of 5.82%. On average, analysts expect that Fiserv, Inc. will post 4.4 earnings per share for the current fiscal year.
In related news, Chairman Jeffery W. Yabuki sold 30,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $102.44, for a total transaction of $3,073,200.00. Following the sale, the chairman now owns 243,837 shares of the company’s stock, valued at approximately $24,978,662.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Omaha Holdings L.P. New sold 5,000,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $98.00, for a total value of $490,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,062,100 shares of company stock valued at $496,326,349. Corporate insiders own 1.60% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; credit card and loan account processing, commercial payments, customer communications, plastics solutions, customer service, and other products; and various network solutions and security, and risk and fraud management solutions.
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