Fiserv, Inc. (NYSE:FI) Stock Holdings Raised by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in Fiserv, Inc. (NYSE:FI) by 0.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 124,075 shares of the business services provider’s stock after purchasing an additional 144 shares during the period. Texas Permanent School Fund Corp’s holdings in Fiserv were worth $19,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its position in shares of Fiserv by 5.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,154 shares of the business services provider’s stock valued at $1,712,000 after buying an additional 723 shares during the last quarter. Creative Planning grew its position in shares of Fiserv by 6.2% during the 3rd quarter. Creative Planning now owns 128,579 shares of the business services provider’s stock valued at $14,524,000 after buying an additional 7,470 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Fiserv by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,087 shares of the business services provider’s stock valued at $462,000 after buying an additional 169 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of Fiserv by 16.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,458 shares of the business services provider’s stock valued at $278,000 after buying an additional 355 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Fiserv by 110,260.7% during the 3rd quarter. Comerica Bank now owns 190,924 shares of the business services provider’s stock valued at $21,567,000 after buying an additional 190,751 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on FI shares. Wells Fargo & Company started coverage on shares of Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 target price for the company. Robert W. Baird upped their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. B. Riley upped their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup upped their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, KeyCorp upped their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Trading Up 1.6 %

Shares of NYSE:FI traded up $2.36 during mid-day trading on Thursday, hitting $151.25. The stock had a trading volume of 2,037,044 shares, compared to its average volume of 2,474,821. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $88.50 billion, a PE ratio of 28.27, a P/E/G ratio of 1.22 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company’s 50 day moving average is $150.30 and its 200-day moving average is $147.97.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 8.69 EPS for the current 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.