Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in Fiserv, Inc. (NASDAQ:FISV) by 0.4% in the 2nd quarter, Holdings Channel reports. The fund owned 790,522 shares of the business services provider’s stock after selling 2,881 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Fiserv were worth $84,499,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FISV. Baker Avenue Asset Management LP lifted its stake in shares of Fiserv by 0.5% in the first quarter. Baker Avenue Asset Management LP now owns 18,208 shares of the business services provider’s stock valued at $2,167,000 after purchasing an additional 90 shares during the period. CAPROCK Group Inc. lifted its stake in shares of Fiserv by 2.0% in the second quarter. CAPROCK Group Inc. now owns 4,834 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 94 shares during the period. Concord Wealth Partners lifted its stake in shares of Fiserv by 8.6% in the first quarter. Concord Wealth Partners now owns 1,213 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 96 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Fiserv by 3.2% in the second quarter. Orion Portfolio Solutions LLC now owns 3,056 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 96 shares during the period. Finally, Copperwynd Financial LLC lifted its stake in shares of Fiserv by 1.7% in the second quarter. Copperwynd Financial LLC now owns 5,794 shares of the business services provider’s stock valued at $619,000 after purchasing an additional 98 shares during the period. Institutional investors own 89.87% of the company’s stock.

Shares of FISV stock traded up $2.72 during mid-day trading on Thursday, hitting $107.06. 57,488 shares of the company’s stock were exchanged, compared to its average volume of 4,281,072. Fiserv, Inc. has a fifty-two week low of $92.81 and a fifty-two week high of $127.34. The stock has a 50-day simple moving average of $111.68 and a two-hundred day simple moving average of $113.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.63. The stock has a market cap of $70.90 billion, a price-to-earnings ratio of 63.47, a PEG ratio of 1.31 and a beta of 0.89.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Fiserv had a return on equity of 10.48% and a net margin of 7.37%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. As a group, analysts anticipate that Fiserv, Inc. will post 5.56 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Wedbush reiterated an “outperform” rating on shares of Fiserv in a research note on Tuesday, July 27th. William Blair assumed coverage on shares of Fiserv in a research note on Thursday, September 30th. They issued a “buy” rating for the company. Rosenblatt Securities upped their price target on shares of Fiserv from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Exane BNP Paribas raised shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price objective for the company in a research note on Tuesday, August 10th. Finally, TheStreet upgraded Fiserv from a “c+” rating to a “b-” rating in a research report on Friday, September 3rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $131.50.

In other news, COO Guy Chiarello sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 19th. The stock was sold at an average price of $117.71, for a total transaction of $4,708,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Fiserv Profile

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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