New York State Common Retirement Fund Trims Stock Holdings in Fiserv, Inc. (NYSE:FI)

New York State Common Retirement Fund lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 7.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 939,563 shares of the business services provider’s stock after selling 77,339 shares during the quarter. New York State Common Retirement Fund’s holdings in Fiserv were worth $193,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Valley National Advisers Inc. purchased a new position in Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv during the 4th quarter worth $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv during the third quarter valued at $40,000. Roxbury Financial LLC purchased a new stake in Fiserv in the fourth quarter worth about $50,000. Finally, Friedenthal Financial bought a new position in Fiserv during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 2.4 %

FI stock opened at $236.03 on Wednesday. The firm’s fifty day moving average is $212.02 and its 200 day moving average is $197.21. The firm has a market cap of $134.28 billion, a PE ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a one year low of $145.98 and a one year high of $236.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly 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%. On average, research analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current year.

Analyst Ratings Changes

FI has been the topic of several research reports. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted 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. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets boosted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $239.83.

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.