Kentucky Retirement Systems Sells 3,983 Shares of Fiserv, Inc. (NYSE:FI)

Kentucky Retirement Systems reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,108 shares of the business services provider's stock after selling 3,983 shares during the period. Kentucky Retirement Systems' holdings in Fiserv were worth $7,205,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at $25,000. Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group boosted its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.07 during midday trading on Friday, hitting $210.92. The company had a trading volume of 2,279,330 shares, compared to its average volume of 2,478,375. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50. The business's 50 day simple moving average is $191.36 and its two-hundred day simple moving average is $168.43. The stock has a market cap of $120.00 billion, a PE ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business posted $1.96 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company's stock, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. William Blair upgraded Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. StockNews.com upgraded Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. Finally, Barclays raised their price target on Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.25.

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.