New York State Teachers Retirement System decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 504,441 shares of the business services provider’s stock after selling 30,793 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Fiserv worth $28,148,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in Fiserv during the 4th quarter valued at about $3,507,063,000. Dodge & Cox acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $3,323,210,000. Capital World Investors increased its stake in shares of Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. State Street Corp bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $1,588,663,000. Finally, Geode Capital Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth approximately $854,215,000. Institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance
NASDAQ FISV opened at $52.33 on Friday. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $175.92. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $27.90 billion, a PE ratio of 8.87, a P/E/G ratio of 1.46 and a beta of 0.82. The company’s 50 day simple moving average is $54.24 and its 200 day simple moving average is $59.49.
Insider Activity
In other news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Susquehanna reaffirmed a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. UBS Group set a $65.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn decreased their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target on the stock. in a report on Friday, June 5th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.23.
Get Our Latest Stock Analysis on FISV
About Fiserv
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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