New York State Common Retirement Fund Buys 38,167 Shares of Fiserv, Inc. $FISV

New York State Common Retirement Fund boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 942,817 shares of the business services provider’s stock after purchasing an additional 38,167 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of Fiserv worth $121,557,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crumly & Associates Inc. lifted its holdings in shares of Fiserv by 13.7% during the 3rd quarter. Crumly & Associates Inc. now owns 5,441 shares of the business services provider’s stock worth $702,000 after acquiring an additional 656 shares during the period. Coastal Bridge Advisors LLC bought a new position in Fiserv in the third quarter valued at approximately $1,437,000. AustralianSuper Pty Ltd raised its position in Fiserv by 23.0% during the third quarter. AustralianSuper Pty Ltd now owns 11,379 shares of the business services provider’s stock valued at $1,467,000 after purchasing an additional 2,127 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Fiserv by 13.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,937 shares of the business services provider’s stock valued at $10,693,000 after purchasing an additional 10,139 shares in the last quarter. Finally, Mystic Asset Management Inc. lifted its stake in Fiserv by 6.5% during the third quarter. Mystic Asset Management Inc. now owns 7,905 shares of the business services provider’s stock worth $1,019,000 after purchasing an additional 480 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $64.95 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The firm has a market cap of $35.31 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80. The firm’s fifty day moving average is $66.21 and its 200-day moving average is $103.24.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the business earned $2.30 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FISV shares. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. B. Riley lowered their target price on Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Citigroup dropped their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $113.34.

Fiserv Company 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.