Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 4,361 Shares of Fiserv, Inc. (NYSE:FI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,969 shares of the business services provider's stock after selling 4,361 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Fiserv were worth $24,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Empowered Funds LLC raised its stake in shares of Fiserv by 7.2% during the third quarter. Empowered Funds LLC now owns 9,328 shares of the business services provider's stock worth $1,676,000 after buying an additional 626 shares during the last quarter. Quest Partners LLC grew its holdings in Fiserv by 72,800.0% during the 3rd quarter. Quest Partners LLC now owns 729 shares of the business services provider's stock worth $131,000 after acquiring an additional 728 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Fiserv by 9.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 145,725 shares of the business services provider's stock valued at $26,179,000 after acquiring an additional 12,119 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Fiserv by 1,000.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,752 shares of the business services provider's stock valued at $17,202,000 after purchasing an additional 87,047 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Fiserv by 4.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 58,886 shares of the business services provider's stock valued at $10,579,000 after purchasing an additional 2,373 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

FI has been the topic of a number of recent analyst reports. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. KeyCorp increased their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $239.83.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 0.4 %

Shares of FI stock traded up $0.86 during trading on Tuesday, reaching $222.65. The company's stock had a trading volume of 1,935,274 shares, compared to its average volume of 2,519,313. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The business has a fifty day moving average price of $220.87 and a 200-day moving average price of $206.81. The company has a market cap of $124.97 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Fiserv 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.