New York State Teachers Retirement System Takes $83.96 Million Position in Fiserv, Inc. (NYSE:FI)

New York State Teachers Retirement System purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 632,038 shares of the business services provider’s stock, valued at approximately $83,960,000. New York State Teachers Retirement System owned 0.11% of Fiserv as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. purchased a new stake in Fiserv in the 3rd quarter worth approximately $5,705,241,000. Morgan Stanley lifted its stake in Fiserv by 131.3% in the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after purchasing an additional 5,666,145 shares in the last quarter. Norges Bank purchased a new stake in Fiserv in the 4th quarter worth approximately $547,079,000. Moneta Group Investment Advisors LLC lifted its stake in Fiserv by 135,763.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock worth $463,721,000 after purchasing an additional 4,584,740 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Fiserv in the 4th quarter worth $351,525,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock traded up $2.47 during mid-day trading on Friday, hitting $157.38. The company had a trading volume of 1,691,724 shares, compared to its average volume of 2,404,415. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock’s 50 day moving average price is $150.30 and its 200-day moving average price is $133.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $92.66 billion, a P/E ratio of 31.48, a P/E/G ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Monday, January 8th. BMO Capital Markets increased their price target on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Tigress Financial increased their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Morgan Stanley increased their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, B. Riley increased their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.21.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.20% of the stock is owned by insiders.

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.