Fiserv Inc (FISV) Position Lowered by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in Fiserv Inc (NASDAQ:FISV) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,322 shares of the business services provider’s stock after selling 20,451 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fiserv were worth $10,622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Fiserv by 2.9% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 3.7% in the fourth 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 buying an additional 845,558 shares in the last quarter. Geode Capital Management LLC boosted its stake in Fiserv by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after buying an additional 469,507 shares in the last quarter. Northern Trust Corp boosted its stake in Fiserv by 3.0% in the fourth quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock valued at $393,915,000 after buying an additional 154,269 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Fiserv by 50.9% in the first quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock valued at $358,489,000 after buying an additional 1,370,268 shares in the last quarter. Institutional investors own 90.56% of the company’s stock.

Several analysts recently weighed in on FISV shares. Buckingham Research started coverage on Fiserv in a research note on Thursday, February 7th. They issued a “buy” rating and a $100.00 price objective on the stock. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. SunTrust Banks reissued a “hold” rating and set a $85.21 price target on shares of Fiserv in a research note on Tuesday, January 29th. Cantor Fitzgerald reissued a “hold” rating and set a $83.00 price target on shares of Fiserv in a research note on Friday, February 8th. Finally, Edward Jones lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $88.57.

Shares of Fiserv stock traded down $0.48 during midday trading on Friday, reaching $87.30. The company had a trading volume of 2,874,258 shares, compared to its average volume of 4,111,692. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $34.45 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.12 and a beta of 0.80. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $91.19.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total value of $4,242,500.00. Following the transaction, the insider now directly owns 441,112 shares of the company’s stock, valued at $37,428,353.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the sale, the chief executive officer now 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 sold 177,912 shares of company stock worth $15,099,371. 1.40% of the stock is owned by insiders.

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Fiserv 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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