State of New Jersey Common Pension Fund D Has $43.56 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

State of New Jersey Common Pension Fund D trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,051 shares of the business services provider's stock after selling 3,122 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Fiserv were worth $43,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Soros Capital Management LLC boosted its position in shares of Fiserv by 71.7% in 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 period. Czech National Bank raised its stake in shares of Fiserv by 5.2% in the fourth 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 in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the third quarter valued at $4,709,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in shares of Fiserv in the fourth quarter valued at $97,254,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.1 %

FI traded down $0.24 during midday trading on Wednesday, reaching $236.05. 1,583,413 shares of the company were exchanged, compared to its average volume of 2,667,027. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $145.98 and a one year high of $237.13. The stock has a market capitalization of $134.29 billion, a P/E ratio of 43.76, a PEG ratio of 1.49 and a beta of 0.94. The stock's 50-day simple moving average is $212.02 and its 200 day simple moving average is $197.21.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on FI. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Susquehanna upped their target price on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research note on Monday, February 10th. Finally, Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They set a "buy" rating and a $278.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Fiserv presently has a consensus rating of "Buy" and a consensus price target of $239.83.

Fiserv Company 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.