Public Employees Retirement System of Ohio Has $43.20 Million Position in Fiserv Inc (NASDAQ:FISV)

Public Employees Retirement System of Ohio trimmed its position in shares of Fiserv Inc (NASDAQ:FISV) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,950 shares of the business services provider’s stock after selling 2,837 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Fiserv worth $43,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Fiserv during the second quarter valued at approximately $122,000. Sun Life Financial INC grew its stake in shares of Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Fiserv during the third quarter valued at approximately $202,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of Fiserv during the third quarter valued at approximately $206,000. 88.47% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Inc (NASDAQ FISV) traded down $0.86 on Friday, reaching $131.13. 591,633 shares of the company’s stock traded hands, compared to its average volume of 729,883. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $27,506.64, a price-to-earnings ratio of 31.15, a PEG ratio of 2.26 and a beta of 0.82. Fiserv Inc has a 12 month low of $104.51 and a 12 month high of $133.36.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. research analysts forecast that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total value of $2,230,060.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,439 shares of company stock worth $6,412,063. Company insiders own 1.80% of the company’s stock.

FISV has been the topic of several research analyst reports. Robert W. Baird reissued a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Royal Bank of Canada reissued a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $130.41.

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About Fiserv

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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