New Mexico Educational Retirement Board Decreases Holdings in Fiserv Inc (NASDAQ:FISV)

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New Mexico Educational Retirement Board cut its stake in shares of Fiserv Inc (NASDAQ:FISV) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,116 shares of the business services provider’s stock after selling 1,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Fiserv were worth $2,928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Fiserv by 0.8% in the 1st quarter. BlackRock Inc. now owns 31,604,338 shares of the business services provider’s stock worth $2,790,031,000 after purchasing an additional 258,945 shares in the last quarter. FMR LLC boosted its holdings in Fiserv by 8.6% in the 1st quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock worth $575,315,000 after buying an additional 513,992 shares during the period. Egerton Capital UK LLP bought a new position in Fiserv in the 1st quarter worth $568,121,000. Geode Capital Management LLC boosted its holdings in Fiserv by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after buying an additional 469,507 shares during the period. Finally, Northern Trust Corp boosted its holdings in Fiserv by 1.5% in the 1st quarter. Northern Trust Corp now owns 5,441,830 shares of the business services provider’s stock worth $480,404,000 after buying an additional 81,710 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Shares of FISV traded down $0.06 during midday trading on Thursday, hitting $107.50. 41,222 shares of the company traded hands, compared to its average volume of 8,460,092. The firm has a 50 day moving average of $100.09 and a 200-day moving average of $90.15. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $108.57. The stock has a market cap of $42.34 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.44 and a beta of 0.80. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Fiserv Inc will post 3.68 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total value of $1,885,000.00. Following the completion of the transaction, the insider now owns 331,429 shares of the company’s stock, valued at approximately $31,237,183.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 60,000 shares of company stock valued at $5,733,600 in the last three months. Insiders own 1.40% of the company’s stock.

Several research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Berenberg Bank assumed coverage on shares of Fiserv in a report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price for the company. Moffett Nathanson assumed coverage on shares of Fiserv in a report on Tuesday, May 21st. They issued a “buy” rating and a $108.00 target price for the company. Finally, Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $120.00 in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $97.88.

About Fiserv

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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