Fiserv, Inc. $FISV Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,481,654 shares of the business services provider’s stock after selling 805,334 shares during the quarter. California Public Employees Retirement System owned about 0.27% of Fiserv worth $255,452,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $2,320,000. Sowell Financial Services LLC raised its position in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the period. Factory Mutual Insurance Co. raised its position in Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after purchasing an additional 16,500 shares during the period. Dillon & Associates Inc. lifted its stake in Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares in the last quarter. Finally, Ipsen Advisor Group LLC purchased a new position in shares of Fiserv during the second quarter worth $759,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 34,900 shares of company stock worth $2,211,971 over the last 90 days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on FISV. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Stephens lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and set a $91.00 price target on shares of Fiserv in a research report on Thursday, October 30th. BNP Paribas cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Wednesday, November 5th. Finally, William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average price target of $121.08.

Fiserv Trading Up 0.3%

Shares of NASDAQ:FISV opened at $66.28 on Friday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The company’s 50 day moving average is $90.51 and its two-hundred day moving average is $129.60. The company has a market cap of $36.03 billion, a PE ratio of 10.24, a P/E/G ratio of 2.55 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Company Profile

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.