New York State Teachers Retirement System Has $88.27 Million Stock Holdings in Fiserv, Inc. $FI

Key Points

• The New York State Teachers Retirement System increased its holdings in Fiserv, Inc. by 7.8% in the second quarter, now owning approximately $88.27 million worth of shares.
• Institutional investors and hedge funds own 90.98% of Fiserv's stock, indicating significant institutional support.
• Analysts have set a consensus target price of $202.73 for Fiserv, with a majority of analysts rating the stock as a "Moderate Buy."

New York State Teachers Retirement System increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 511,961 shares of the business services provider's stock after purchasing an additional 37,184 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Fiserv worth $88,267,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC increased its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after acquiring an additional 116 shares during the period. Sowell Financial Services LLC bought a new position in Fiserv during the first quarter valued at about $712,000. Grove Bank & Trust increased its stake in Fiserv by 83.9% during the first quarter. Grove Bank & Trust now owns 697 shares of the business services provider's stock valued at $154,000 after acquiring an additional 318 shares during the period. Finally, NBT Bank N A NY increased its stake in Fiserv by 8.3% during the first quarter. NBT Bank N A NY now owns 8,284 shares of the business services provider's stock valued at $1,829,000 after acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FI shares. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. The Goldman Sachs Group lowered their price target on Fiserv from $192.00 to $149.00 and set a "buy" rating on the stock in a research note on Monday. Jefferies Financial Group lowered their price objective on Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, September 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Fiserv in a research note on Wednesday, October 8th. Finally, Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $202.73.

Fiserv Trading Down 2.6%

FI stock opened at $120.83 on Thursday. The firm has a market cap of $65.68 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.81 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1-year low of $120.79 and a 1-year high of $238.59. The business's 50 day moving average is $132.44 and its 200-day moving average is $160.38.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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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