New York State Common Retirement Fund Sells 66,679 Shares of Fiserv, Inc. (NYSE:FI)

New York State Common Retirement Fund trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 872,884 shares of the business services provider's stock after selling 66,679 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of Fiserv worth $192,759,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares in the last quarter. Proficio Capital Partners LLC grew its position in Fiserv by 48.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after acquiring an additional 775 shares in the last quarter. AlphaQuest LLC grew its position in Fiserv by 120.9% in the fourth quarter. AlphaQuest LLC now owns 1,610 shares of the business services provider's stock worth $331,000 after acquiring an additional 881 shares in the last quarter. HighTower Advisors LLC grew its position in Fiserv by 7.6% in the fourth quarter. HighTower Advisors LLC now owns 73,772 shares of the business services provider's stock worth $15,154,000 after acquiring an additional 5,214 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in Fiserv by 8.6% in the fourth quarter. Great Lakes Advisors LLC now owns 10,845 shares of the business services provider's stock worth $2,228,000 after acquiring an additional 858 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. UBS Group dropped their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. Jefferies Financial Group dropped their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Trading Down 2.6%

Shares of NYSE FI traded down $4.49 during trading hours on Friday, reaching $165.21. The stock had a trading volume of 6,293,974 shares, compared to its average volume of 3,396,508. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.01 and a beta of 0.91. The business's fifty day moving average price is $169.52 and its two-hundred day moving average price is $198.19. Fiserv, Inc. has a 52-week low of $153.77 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 earnings per share. Analysts expect that Fiserv, Inc. will post 10.23 EPS 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.