State of New Jersey Common Pension Fund D Has $43.56 Million Holdings in Fiserv, Inc. (NYSE:FI)

State of New Jersey Common Pension Fund D lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,051 shares of the business services provider’s stock after selling 3,122 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Fiserv were worth $43,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sanders Capital LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC increased its holdings in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. acquired a new position in shares of Fiserv in the 4th quarter valued at about $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FI. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

Shares of FI opened at $230.85 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1 year low of $145.44 and a 1 year high of $233.26. The stock has a market cap of $131.34 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock’s 50-day moving average price is $210.77 and its two-hundred day moving average price is $195.95.

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

Fiserv 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.