California State Teachers Retirement System Sells 35,125 Shares of Fiserv, Inc. $FISV

California State Teachers Retirement System trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 930,087 shares of the business services provider’s stock after selling 35,125 shares during the quarter. California State Teachers Retirement System’s holdings in Fiserv were worth $51,899,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Readystate Asset Management LP raised its holdings in Fiserv by 280.4% during the first quarter. Readystate Asset Management LP now owns 25,897 shares of the business services provider’s stock worth $1,445,000 after buying an additional 19,090 shares during the last quarter. Resources Management Corp CT ADV grew its holdings in shares of Fiserv by 1,313.8% during the first quarter. Resources Management Corp CT ADV now owns 61,103 shares of the business services provider’s stock valued at $3,409,000 after buying an additional 56,781 shares during the last quarter. Redwood Grove Capital LLC increased its position in shares of Fiserv by 35.7% during the first quarter. Redwood Grove Capital LLC now owns 257,632 shares of the business services provider’s stock worth $14,376,000 after acquiring an additional 67,800 shares in the last quarter. Eley Financial Management Inc increased its position in shares of Fiserv by 6.3% during the first quarter. Eley Financial Management Inc now owns 35,233 shares of the business services provider’s stock worth $1,966,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Fiserv by 28.9% in the 1st quarter. Empowered Funds LLC now owns 31,767 shares of the business services provider’s stock worth $1,773,000 after acquiring an additional 7,119 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FISV shares. Truist Financial dropped their price target on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Barclays began coverage on Fiserv in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $58.00 price objective for the company. Citigroup restated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. decreased their price target on Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average target price of $76.57.

Fiserv Trading Down 2.6%

Shares of FISV stock opened at $54.17 on Friday. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $141.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $52.03 and a two-hundred day simple moving average of $57.24. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.56 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.