California Public Employees Retirement System Sells 43,800 Shares of Fiserv, Inc. (FISV)
California Public Employees Retirement System decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,300 shares of the business services provider’s stock after selling 43,800 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Fiserv worth $65,733,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv during the 2nd quarter valued at $104,000. Parallel Advisors LLC lifted its holdings in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Fiserv during the 2nd quarter valued at $122,000. Trust Co. of Vermont lifted its holdings in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 453 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
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Several equities research analysts recently issued reports on FISV shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC reaffirmed an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Cowen and Company reaffirmed a “hold” rating and set a $115.00 price target on shares of Fiserv in a research note on Thursday, August 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $127.05.
Fiserv, Inc. (FISV) traded up 0.45% during midday trading on Friday, hitting $125.32. 112,943 shares of the stock traded hands. The stock has a market cap of $26.38 billion, a PE ratio of 30.68 and a beta of 0.82. The company has a 50-day moving average of $123.36 and a 200-day moving average of $121.49. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. Fiserv’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
In related news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,124 shares of company stock valued at $7,113,543. Corporate insiders own 1.80% of the company’s stock.
Fiserv Company Profile
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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