Public Employees Retirement Association of Colorado Sells 616,620 Shares of Fiserv, Inc. (NYSE:FI)

Public Employees Retirement Association of Colorado lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 87.8% during the 1st quarter, Holdings Channel reports. The fund owned 85,419 shares of the business services provider’s stock after selling 616,620 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Fiserv were worth $13,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. Private Wealth Management Group LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $30,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Fiserv in the 4th quarter valued at about $31,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. B. Riley raised their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Mizuho boosted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Stock Up 1.7 %

Shares of FI opened at $162.71 on Tuesday. The firm has a market cap of $93.68 billion, a P/E ratio of 30.41, a PEG ratio of 1.29 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $163.91. The stock’s 50 day moving average is $151.52 and its two-hundred day moving average is $150.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. Analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock worth $7,696,448 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Company 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.