Fiserv, Inc. (NYSE:FI) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Fiserv, Inc. (NYSE:FI) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,969 shares of the business services provider’s stock after selling 4,361 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fiserv were worth $24,849,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FI. iA Global Asset Management Inc. grew its holdings in shares of Fiserv by 6.3% during the 4th quarter. iA Global Asset Management Inc. now owns 70,917 shares of the business services provider’s stock worth $14,568,000 after purchasing an additional 4,209 shares during the period. Settian Capital LP acquired a new position in Fiserv during the fourth quarter valued at approximately $1,438,000. Teacher Retirement System of Texas lifted its position in Fiserv by 17.8% during the fourth quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider’s stock valued at $37,388,000 after buying an additional 27,478 shares in the last quarter. Vinva Investment Management Ltd grew its stake in Fiserv by 15.6% during the fourth quarter. Vinva Investment Management Ltd now owns 28,777 shares of the business services provider’s stock worth $5,936,000 after buying an additional 3,881 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Fiserv in the fourth quarter worth $9,440,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $221.77 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The company has a fifty day moving average price of $220.11 and a two-hundred day moving average price of $205.70. The company has a market cap of $124.48 billion, a PE ratio of 41.15, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has initiated 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. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. Morgan Stanley upped their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. The Goldman Sachs Group boosted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. KeyCorp increased their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

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.