California Public Employees Retirement System Cuts Stake in Fiserv, Inc. $FISV

California Public Employees Retirement System reduced its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 927,715 shares of the business services provider’s stock after selling 119,918 shares during the period. California Public Employees Retirement System’s holdings in Fiserv were worth $51,766,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Chicago Capital LLC bought a new position in Fiserv during the fourth quarter valued at approximately $1,316,000. ZWJ Investment Counsel Inc. bought a new stake in Fiserv in the 4th quarter worth approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new stake in Fiserv in the 4th quarter worth approximately $4,127,000. KLP Kapitalforvaltning AS purchased a new stake in Fiserv during the 4th quarter valued at $14,907,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Fiserv during the 4th quarter valued at $1,996,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Rothschild & Co Redburn reduced their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Loop Capital dropped their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, Cantor Fitzgerald cut their target price on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.23.

Fiserv Trading Up 2.1%

Shares of FISV opened at $51.68 on Tuesday. The firm has a market cap of $27.56 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a 50 day simple moving average of $52.49 and a two-hundred day simple moving average of $58.12. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.