Maryland State Retirement & Pension System Sells 2,589 Shares of Fiserv, Inc. (NYSE:FI)

Maryland State Retirement & Pension System decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,565 shares of the business services provider's stock after selling 2,589 shares during the quarter. Maryland State Retirement & Pension System's holdings in Fiserv were worth $6,279,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Soros Capital Management LLC raised its stake in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank increased its position in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Fiserv during the 3rd quarter worth approximately $4,709,000. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Oppenheimer boosted their target price on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Fiserv from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Susquehanna boosted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $239.83.

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Fiserv Price Performance

NYSE:FI traded up $3.81 during mid-day trading on Monday, reaching $221.90. The stock had a trading volume of 1,685,762 shares, compared to its average volume of 2,519,593. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The stock has a market capitalization of $124.55 billion, a PE ratio of 41.17, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a 50-day simple moving average of $220.46 and a two-hundred day simple moving average of $206.46.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a stock repurchase program 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 programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $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 available through this link. Insiders own 0.75% of the company's stock.

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.