Teachers Retirement System of The State of Kentucky Has $4.28 Million Holdings in Fiserv, Inc. (NASDAQ:FISV)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,237 shares of the business services provider’s stock after selling 1,838 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Fiserv were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group lifted its position in Fiserv by 8.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 6,359 shares of the business services provider’s stock valued at $643,000 after purchasing an additional 501 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Fiserv by 0.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,192,193 shares of the business services provider’s stock valued at $120,889,000 after acquiring an additional 4,293 shares during the period. City State Bank raised its position in shares of Fiserv by 8.1% in the 1st quarter. City State Bank now owns 1,460 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 109 shares during the period. Advisory Services Network LLC raised its position in shares of Fiserv by 10.4% in the 1st quarter. Advisory Services Network LLC now owns 27,060 shares of the business services provider’s stock valued at $2,744,000 after acquiring an additional 2,541 shares during the period. Finally, Aurora Investment Counsel raised its position in shares of Fiserv by 38.7% in the 1st quarter. Aurora Investment Counsel now owns 8,154 shares of the business services provider’s stock valued at $827,000 after acquiring an additional 2,274 shares during the period. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

NASDAQ:FISV opened at $103.61 on Monday. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $111.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $103.58 and a 200 day simple moving average of $99.35. The stock has a market capitalization of $66.27 billion, a PE ratio of 33.64, a P/E/G ratio of 1.19 and a beta of 0.88.

Fiserv (NASDAQ:FISVGet Rating) last released its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.01. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that Fiserv, Inc. will post 6.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, Director Harry Disimone sold 2,706 shares of Fiserv stock in a transaction on Monday, September 12th. The shares were sold at an average price of $108.72, for a total transaction of $294,196.32. Following the completion of the transaction, the director now directly owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fiserv news, COO Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction on Monday, August 1st. The shares were sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the completion of the transaction, the chief operating officer now directly owns 237,053 shares of the company’s stock, valued at $24,911,899.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harry Disimone sold 2,706 shares of Fiserv stock in a transaction on Monday, September 12th. The stock was sold at an average price of $108.72, for a total transaction of $294,196.32. Following the transaction, the director now directly owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The disclosure for this sale can be found here. Insiders sold a total of 51,706 shares of company stock valued at $5,366,896 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on FISV shares. Evercore ISI upgraded shares of Fiserv from an “in-line” rating to an “outperform” rating and increased their price target for the company from $101.00 to $149.00 in a research report on Thursday, August 11th. Wells Fargo & Company raised their target price on shares of Fiserv from $100.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, September 8th. TheStreet downgraded shares of Fiserv from a “b-” rating to a “c+” rating in a report on Friday, July 8th. Truist Financial dropped their target price on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Finally, Mizuho raised their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Fiserv Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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