Fiserv, Inc. (NYSE:FI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in Fiserv, Inc. (NYSE:FI) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 257,843 shares of the business services provider’s stock after selling 5,337 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Fiserv were worth $46,321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Fiserv by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the period. Legal & General Group Plc boosted its position in shares of Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after purchasing an additional 85,598 shares during the period. Sanders Capital LLC purchased a new position in Fiserv in the 3rd quarter worth about $764,543,000. Finally, Dimensional Fund Advisors LP raised its holdings in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after buying an additional 225,159 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 1.6 %

NYSE:FI opened at $207.28 on Monday. The company’s 50 day moving average is $203.68 and its 200-day moving average is $175.46. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $130.27 and a 12 month high of $223.23. The firm has a market cap of $117.93 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 1.58 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Morgan Stanley boosted their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Citigroup raised their target price on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, KeyCorp lifted their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.25.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,821 shares of company stock worth $44,299,745. Company insiders own 0.75% of the company’s stock.

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.