Fiserv, Inc. (NYSE:FI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 474,777 shares of the business services provider's stock after selling 49,138 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Fiserv worth $104,845,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. LaFleur & Godfrey LLC grew its position in Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after acquiring an additional 75 shares in the last quarter. Brighton Jones LLC raised 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. SVB Wealth LLC bought a new stake in Fiserv in the fourth quarter worth about $1,557,000. Fisher Asset Management LLC bought a new stake in Fiserv in the fourth quarter worth about $349,000. Finally, Purkiss Capital Advisors LLC acquired a new stake in Fiserv during the 4th quarter worth about $1,462,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

FI has been the topic of several research analyst reports. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. UBS Group lowered their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Piper Sandler set a $218.00 target price on Fiserv in a research report on Friday, April 25th. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Price Performance

Shares of FI opened at $172.47 on Monday. Fiserv, Inc. has a 12-month low of $146.46 and a 12-month high of $238.59. The business has a 50-day simple moving average of $173.34 and a two-hundred day simple moving average of $200.48. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market cap of $95.62 billion, a PE ratio of 30.47, a PEG ratio of 1.07 and a beta of 0.91.

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

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv 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.

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