Teacher Retirement System of Texas Buys 50,722 Shares of Fiserv, Inc. (NYSE:FI)

Teacher Retirement System of Texas increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 27.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 232,732 shares of the business services provider's stock after buying an additional 50,722 shares during the quarter. Teacher Retirement System of Texas' holdings in Fiserv were worth $51,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Fiserv in the 4th quarter valued at $1,406,452,000. GAMMA Investing LLC increased its holdings in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at $614,982,000. Kovitz Investment Group Partners LLC increased its holdings in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after purchasing an additional 2,174,025 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Fiserv by 65.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FI traded up $3.10 on Friday, reaching $175.55. 2,211,394 shares of the stock traded hands, compared to its average volume of 3,352,892. The firm has a market cap of $97.33 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.07 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The stock's 50-day moving average price is $170.87 and its 200-day moving average price is $199.68.

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 for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the 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 completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Citigroup cut their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial began coverage on shares of Fiserv in a report on Monday, June 2nd. They issued a "buy" rating and a $181.00 target price on the stock. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a report on Wednesday, April 9th. Finally, Mizuho set a $200.00 target price on shares of Fiserv in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $221.23.

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.