Teacher Retirement System of Texas lowered its stake in Fiserv Inc (NASDAQ:FISV) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,402 shares of the business services provider’s stock after selling 112,607 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of Fiserv worth $42,061,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bremer Bank National Association purchased a new stake in shares of Fiserv during the first quarter worth about $25,000. Advantage Investment Management LLC grew its position in shares of Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the second quarter worth about $36,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Fiserv by 74.4% during the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after purchasing an additional 198 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
In other Fiserv news, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the completion of the sale, the insider now directly owns 354,929 shares of the company’s stock, valued at approximately $31,670,314.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $5,733,600. 1.40% of the stock is currently owned by corporate insiders.
Several research firms recently issued reports on FISV. William Blair reiterated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Moffett Nathanson began coverage on Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 target price for the company. SunTrust Banks upgraded Fiserv from a “hold” rating to a “buy” rating and increased their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Argus restated a “buy” rating on shares of Fiserv in a report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $97.88.
Shares of FISV stock traded up $0.33 on Wednesday, reaching $107.32. 140,121 shares of the company’s stock were exchanged, compared to its average volume of 8,379,528. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company’s fifty day simple moving average is $99.79 and its 200 day simple moving average is $90.03. The stock has a market capitalization of $42.15 billion, a PE ratio of 34.64, a P/E/G ratio of 2.43 and a beta of 0.80. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $108.57.
Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. Fiserv’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts predict that Fiserv Inc will post 3.68 earnings per share for the current fiscal year.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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