Oregon Public Employees Retirement Fund Has $8.26 Million Stock Position in Fiserv, Inc. $FI

Oregon Public Employees Retirement Fund lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,919 shares of the business services provider’s stock after selling 1,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fiserv were worth $8,262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Rappaport Reiches Capital Management LLC grew its stake in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares during the last quarter. Adero Partners LLC lifted its holdings in Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. boosted its position in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Mizuho decreased their price objective on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. KeyCorp reduced their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $204.46.

Fiserv Price Performance

Shares of NYSE FI opened at $122.85 on Monday. The company has a fifty day moving average price of $133.18 and a 200 day moving average price of $161.56. The firm has a market cap of $66.78 billion, a PE ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1-year low of $122.62 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share 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.