New York State Teachers Retirement System Sells 19,795 Shares of Fiserv, Inc. (NYSE:FI)

New York State Teachers Retirement System decreased its holdings in Fiserv, Inc. (NYSE:FI) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 523,915 shares of the business services provider’s stock after selling 19,795 shares during the period. New York State Teachers Retirement System owned 0.09% of Fiserv worth $107,623,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Catalina Capital Group LLC raised its position in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after acquiring an additional 48 shares during the period. Mount Yale Investment Advisors LLC raised its position in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after acquiring an additional 50 shares during the period. Hemington Wealth Management raised its position in shares of Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after acquiring an additional 50 shares during the period. Waypoint Capital Advisors LLC raised its position in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Mizuho upped their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Susquehanna upped their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday. Finally, UBS Group upped their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Performance

Fiserv stock opened at $229.93 on Friday. The firm has a 50 day simple moving average of $209.78 and a 200-day simple moving average of $195.00. Fiserv, Inc. has a 1-year low of $142.98 and a 1-year high of $233.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $130.81 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts expect that Fiserv, Inc. will post 10.22 EPS for the current year.

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.