347,512 Shares in Fiserv, Inc. (NYSE:FI) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 347,512 shares of the business services provider’s stock, valued at approximately $46,163,000. State of New Jersey Common Pension Fund D owned 0.06% of Fiserv as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of Fiserv in the 3rd quarter valued at about $5,705,241,000. California Public Employees Retirement System acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $423,780,000. Pittenger & Anderson Inc. bought a new position in shares of Fiserv in the fourth quarter valued at $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Fiserv during the fourth quarter worth $422,884,000. Finally, Nordea Investment Management AB bought a new stake in Fiserv during the fourth quarter worth $351,525,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE FI traded up $2.60 during trading on Friday, hitting $155.89. 3,193,339 shares of the company’s stock were exchanged, compared to its average volume of 2,565,740. The stock’s 50 day moving average price is $152.39 and its two-hundred day moving average price is $137.45. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The company has a market cap of $91.78 billion, a PE ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Research analysts expect that Fiserv, Inc. will post 8.67 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FI shares. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group increased their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. StockNews.com began coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Finally, Mizuho reissued a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.