Public Employees Retirement Association of Colorado Sells 4,093 Shares of Fiserv, Inc. (NYSE:FI)

Public Employees Retirement Association of Colorado cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,520 shares of the business services provider's stock after selling 4,093 shares during the period. Public Employees Retirement Association of Colorado's holdings in Fiserv were worth $15,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its position in shares of Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position 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 valued at $794,000 after acquiring an additional 44 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC increased its position in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after acquiring an additional 50 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.8 %

FI traded down $1.45 during midday trading on Thursday, hitting $183.12. The company had a trading volume of 2,954,930 shares, compared to its average volume of 2,810,699. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $102.29 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 1.52 and a beta of 0.91. The stock's 50 day moving average price is $212.97 and its 200 day moving average price is $211.66.

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

Fiserv declared that its board has approved a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Susquehanna cut their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $230.00.

Fiserv Company 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.