New Mexico Educational Retirement Board Sells 1,200 Shares of Fiserv, Inc. (NYSE:FI)

New Mexico Educational Retirement Board lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,416 shares of the business services provider’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Fiserv were worth $5,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC raised its position in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after acquiring an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares in the last quarter. Hemington Wealth Management grew its stake in Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC grew its stake in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after buying an additional 51 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after buying an additional 51 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. Jefferies Financial Group increased their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Tigress Financial lifted their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Up 0.4 %

Shares of FI stock opened at $230.85 on Friday. 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 $210.30 and a two-hundred day moving average price of $195.24. Fiserv, Inc. has a 12-month low of $145.44 and a 12-month high of $233.26. The firm has a market cap of $131.34 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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, Inc. will post 10.22 EPS for the current fiscal year.

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.