Public Employees Retirement System of Ohio Has $54.70 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Public Employees Retirement System of Ohio grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 266,291 shares of the business services provider's stock after purchasing an additional 8,448 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Fiserv were worth $54,701,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Barclays PLC lifted its position in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after purchasing an additional 48,413 shares during the period. LaFleur & Godfrey LLC lifted its stake in shares of Fiserv by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 75 shares during the period. Perpetual Ltd boosted its position in shares of Fiserv by 70.1% in the 4th quarter. Perpetual Ltd now owns 3,576 shares of the business services provider's stock worth $735,000 after purchasing an additional 1,474 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Fiserv by 9.2% during the fourth quarter. Atomi Financial Group Inc. now owns 5,346 shares of the business services provider's stock worth $1,098,000 after purchasing an additional 452 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new stake in Fiserv in the fourth quarter valued at about $454,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FI. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. The Goldman Sachs Group cut their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets lowered their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.60.

Fiserv Stock Down 1.3%

NYSE:FI traded down $2.06 during trading hours on Wednesday, reaching $158.08. 2,638,708 shares of the stock were exchanged, compared to its average volume of 3,095,530. The stock has a market cap of $87.64 billion, a PE ratio of 29.32, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The firm has a 50 day moving average of $194.74 and a 200 day moving average of $208.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

About Fiserv

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.