New Mexico Educational Retirement Board cut its position in Fiserv, Inc. (NASDAQ:FISV) by 9.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,758 shares of the business services provider’s stock after selling 2,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Fiserv were worth $2,539,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Financial Group Inc. acquired a new position in Fiserv during the second quarter worth approximately $1,320,000. Legacy Capital Partners Inc. boosted its position in Fiserv by 5.5% in the second quarter. Legacy Capital Partners Inc. now owns 38,503 shares of the business services provider’s stock worth $4,710,000 after buying an additional 2,019 shares in the last quarter. Global X Management Co. LLC boosted its position in Fiserv by 88.7% in the second quarter. Global X Management Co. LLC now owns 7,125 shares of the business services provider’s stock worth $872,000 after buying an additional 3,350 shares in the last quarter. BP PLC boosted its position in Fiserv by 70.4% in the second quarter. BP PLC now owns 46,000 shares of the business services provider’s stock worth $5,627,000 after buying an additional 19,000 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in Fiserv by 3.4% in the second quarter. Advisor Partners LLC now owns 4,635 shares of the business services provider’s stock worth $567,000 after buying an additional 151 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors.

Shares of Fiserv, Inc. (NASDAQ FISV) opened at 123.30 on Thursday. The stock’s 50 day moving average price is $124.44 and its 200 day moving average price is $118.91. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The stock has a market capitalization of $26.67 billion, a PE ratio of 30.18 and a beta of 0.81.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 EPS. Equities research analysts predict that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

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A number of research analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a report on Tuesday. Cowen and Company reissued a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, August 3rd. Credit Suisse Group boosted their price target on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Barclays PLC reissued an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Finally, BMO Capital Markets boosted their price target on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.91.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares in the company, valued at $36,060,749.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 51,000 shares of company stock worth $6,339,810. Company insiders own 1.80% of the company’s stock.

About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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