State of New Jersey Common Pension Fund D Lowers Stock Holdings in Fiserv, Inc. $FI

State of New Jersey Common Pension Fund D trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,985 shares of the business services provider’s stock after selling 1,066 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Fiserv were worth $32,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. boosted its holdings in Fiserv by 23.5% during the 2nd quarter. Lee Danner & Bass Inc. now owns 106,031 shares of the business services provider’s stock valued at $18,281,000 after acquiring an additional 20,196 shares during the period. AlphaQuest LLC boosted its holdings in Fiserv by 53.9% during the 2nd quarter. AlphaQuest LLC now owns 6,891 shares of the business services provider’s stock valued at $1,188,000 after acquiring an additional 2,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Fiserv by 5.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,369,717 shares of the business services provider’s stock valued at $236,153,000 after acquiring an additional 76,247 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in Fiserv by 5.1% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 13,271 shares of the business services provider’s stock valued at $2,288,000 after acquiring an additional 648 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Fiserv by 720.0% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,100 shares of the business services provider’s stock valued at $707,000 after acquiring an additional 3,600 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research analyst reports. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. The Goldman Sachs Group decreased their price objective on Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Jefferies Financial Group decreased their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Morgan Stanley decreased their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, Truist Financial set a $143.00 price objective on Fiserv and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.89.

Fiserv Price Performance

Shares of NYSE FI opened at $125.12 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The firm has a market capitalization of $68.01 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The stock’s 50-day simple moving average is $131.01 and its 200-day simple moving average is $156.15.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion for the quarter. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv 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.