Teacher Retirement System of Texas Has $53.34 Million Holdings in Fiserv Inc (NASDAQ:FISV)

Teacher Retirement System of Texas raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 725,770 shares of the business services provider’s stock after purchasing an additional 211,591 shares during the quarter. Teacher Retirement System of Texas owned 0.18% of Fiserv worth $53,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in FISV. BlackRock Inc. raised its holdings in Fiserv by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock valued at $2,303,573,000 after buying an additional 898,122 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Fiserv by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock valued at $1,737,178,000 after purchasing an additional 845,558 shares during the period. Oregon Public Employees Retirement Fund increased its position in Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 10,203,585 shares during the period. Geode Capital Management LLC increased its position in Fiserv by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after purchasing an additional 469,507 shares during the period. Finally, Northern Trust Corp increased its position in Fiserv by 3.0% during the 4th quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock valued at $393,915,000 after purchasing an additional 154,269 shares during the period. Institutional investors and hedge funds own 88.83% of the company’s stock.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the sale, the director now directly owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the sale, the chief executive officer now directly owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,912 shares of company stock valued at $13,389,571. Insiders own 1.70% of the company’s stock.

FISV traded down $0.23 during midday trading on Friday, hitting $85.06. 3,588,577 shares of the company traded hands, compared to its average volume of 4,169,451. Fiserv Inc has a 52 week low of $68.43 and a 52 week high of $91.19. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $33.35 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.05 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Fiserv Inc will post 3.45 EPS for the current fiscal year.

FISV has been the topic of a number of research analyst reports. Wedbush boosted their price objective on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 29th. Wolfe Research raised shares of Fiserv from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Royal Bank of Canada raised shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a research report on Monday, January 28th. Stephens raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $76.00 to $90.00 in a research report on Wednesday, January 16th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $85.21 target price on shares of Fiserv in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.29.

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Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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