New Mexico Educational Retirement Board Sells 1,200 Shares of Fiserv, Inc. (NYSE:FI)

New Mexico Educational Retirement Board cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,416 shares of the business services provider's stock after selling 1,200 shares during the quarter. New Mexico Educational Retirement Board's holdings in Fiserv were worth $5,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. FMR LLC grew its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $764,543,000. Barclays PLC grew its position in shares of Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock worth $236,739,000 after purchasing an additional 4,218 shares during the period. Finally, National Pension Service lifted its position in shares of Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider's stock worth $199,801,000 after purchasing an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $0.16 on Wednesday, hitting $236.13. The company's stock had a trading volume of 2,849,894 shares, compared to its average volume of 2,708,890. The company has a market capitalization of $134.34 billion, a PE ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.13. The company has a 50 day moving average price of $212.02 and a 200 day moving average price of $197.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup lifted their price target on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Barclays increased their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $239.83.

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.