New York State Common Retirement Fund Buys Shares of 1,143,478 Fiserv, Inc. (NYSE:FI)

New York State Common Retirement Fund bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,143,478 shares of the business services provider’s stock, valued at approximately $151,900,000. New York State Common Retirement Fund owned approximately 0.19% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $5,705,241,000. California Public Employees Retirement System acquired a new position in shares of Fiserv during the 4th quarter worth approximately $423,780,000. Nordea Investment Management AB acquired a new position in shares of Fiserv during the 4th quarter worth approximately $351,525,000. Raymond James & Associates acquired a new position in shares of Fiserv during the 4th quarter worth approximately $277,117,000. Finally, Cerity Partners LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $200,528,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI traded up $5.50 during trading on Tuesday, reaching $154.30. 2,309,696 shares of the company traded hands, compared to its average volume of 2,513,359. The company’s 50 day moving average is $151.90 and its two-hundred day moving average is $136.94. The firm has a market capitalization of $90.85 billion, a PE ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.09. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on FI. Royal Bank of Canada boosted their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. KeyCorp boosted their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Oppenheimer raised 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. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.79.

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.