New York State Common Retirement Fund Has $121.56 Million Stock Position in Fiserv, Inc. $FISV

New York State Common Retirement Fund boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 942,817 shares of the business services provider’s stock after purchasing an additional 38,167 shares during the period. New York State Common Retirement Fund’s holdings in Fiserv were worth $121,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Crumly & Associates Inc. grew its position in shares of Fiserv by 13.7% during the 3rd quarter. Crumly & Associates Inc. now owns 5,441 shares of the business services provider’s stock worth $702,000 after buying an additional 656 shares during the period. Coastal Bridge Advisors LLC bought a new position in Fiserv during the third quarter worth $1,437,000. AustralianSuper Pty Ltd grew its holdings in Fiserv by 23.0% in the third quarter. AustralianSuper Pty Ltd now owns 11,379 shares of the business services provider’s stock worth $1,467,000 after purchasing an additional 2,127 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Fiserv by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,937 shares of the business services provider’s stock valued at $10,693,000 after purchasing an additional 10,139 shares in the last quarter. Finally, Mystic Asset Management Inc. raised its holdings in shares of Fiserv by 6.5% during the third quarter. Mystic Asset Management Inc. now owns 7,905 shares of the business services provider’s stock valued at $1,019,000 after purchasing an additional 480 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

FISV stock opened at $64.95 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $35.31 billion, a PE ratio of 10.04, a P/E/G ratio of 3.73 and a beta of 0.80. The business has a 50 day moving average of $66.21 and a 200-day moving average of $103.24. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the prior year, the firm posted $2.30 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research report on Thursday, October 30th. B. Riley lowered their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research note on Wednesday, October 29th. Finally, BNP Paribas Exane downgraded Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $113.34.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.75% of the stock is currently owned by insiders.

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.