Teachers Retirement System of The State of Kentucky Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 68.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,441 shares of the business services provider's stock after acquiring an additional 125,985 shares during the period. Fiserv accounts for 0.6% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 21st biggest position. Teachers Retirement System of The State of Kentucky owned 0.06% of Fiserv worth $68,556,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FI. T. Rowe Price Investment Management Inc. increased its stake in shares of Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after acquiring an additional 44 shares during the period. Rappaport Reiches Capital Management LLC increased its stake in shares of Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after acquiring an additional 48 shares during the period. Adero Partners LLC increased its stake in shares of Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after acquiring an additional 55 shares during the period. Oakworth Capital Inc. increased its stake in shares of Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after acquiring an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Mizuho set a $200.00 price target on shares of Fiserv in a research report on Thursday, May 15th. Susquehanna dropped their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. UBS Group dropped their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $220.59.

Fiserv Stock Performance

NYSE:FI opened at $165.78 on Friday. The company's 50-day moving average price is $167.76 and its 200-day moving average price is $196.77. 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 company has a market cap of $91.91 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $154.17 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the business earned $1.88 earnings per share. Fiserv's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.

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