Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $23.44 Million Holdings in Fiserv, Inc. $FISV

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,978 shares of the business services provider’s stock after purchasing an additional 5,874 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fiserv were worth $23,444,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FISV. Vise Technologies Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $2,320,000. Sowell Financial Services LLC raised its holdings in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares in the last quarter. Factory Mutual Insurance Co. lifted its position in shares of Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. boosted its stake in Fiserv by 9.1% in the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after buying an additional 7,419 shares in the last quarter. Finally, Ipsen Advisor Group LLC bought a new position in Fiserv in the second quarter valued at about $759,000. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $63.42 on Friday. The company has a market capitalization of $34.47 billion, a PE ratio of 9.80, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a twelve month low of $60.95 and a twelve month high of $238.59. The firm has a fifty day simple moving average of $111.52 and a 200 day simple moving average of $141.93.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FISV. Robert W. Baird reduced their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Morgan Stanley downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a report on Friday. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and dropped their price target for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $123.25.

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.