New York State Teachers Retirement System Cuts Holdings in Fiserv, Inc. (NYSE:FI)

New York State Teachers Retirement System lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 523,915 shares of the business services provider's stock after selling 19,795 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Fiserv worth $107,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the fourth quarter valued at about $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the third quarter worth about $40,000. Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the third quarter worth about $44,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of Fiserv by 904.0% in the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider's stock worth $45,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 2.4 %

Shares of NYSE:FI traded up $5.43 on Tuesday, hitting $236.03. 5,086,184 shares of the company's stock were exchanged, compared to its average volume of 2,704,316. The firm's 50-day moving average is $211.33 and its 200 day moving average is $196.66. The company has a market capitalization of $134.28 billion, a PE ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $236.93. 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 (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. Barclays raised their target price on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of "Buy" and an average price target of $239.83.

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.