Public Employees Retirement Association of Colorado Has $12.19 Million Holdings in Fiserv, Inc. (NYSE:FI)

Public Employees Retirement Association of Colorado reduced its position in Fiserv, Inc. (NYSE:FI) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,800 shares of the business services provider’s stock after selling 3,619 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Fiserv were worth $12,191,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FI. Price T Rowe Associates Inc. MD grew its holdings in Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after buying an additional 417,459 shares in the last quarter. Capital World Investors grew its position in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after buying an additional 64,332 shares during the last quarter. Veritas Asset Management LLP bought a new position in shares of Fiserv during the 4th quarter worth approximately $927,298,000. Finally, Parnassus Investments LLC purchased a new position in shares of Fiserv in the 4th quarter worth approximately $900,674,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $177.61 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $178.89. The firm has a market cap of $103.92 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. The business’s 50 day moving average price is $166.23 and its 200-day moving average price is $156.78.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.32.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The disclosure for this sale can be found here. Insiders have sold a total of 66,890 shares of company stock valued at $10,853,407 over the last ninety days. Company insiders own 0.75% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.