Fiserv, Inc. (NYSE:FI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,985 shares of the business services provider's stock after selling 4,170 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Fiserv were worth $38,802,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter worth $31,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after purchasing an additional 127 shares during the period. Finally, Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FI shares. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an "outperform" rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $217.50.

Fiserv Price Performance

FI stock traded up $2.42 during midday trading on Wednesday, hitting $203.96. 2,692,217 shares of the stock were exchanged, compared to its average volume of 2,526,773. The stock's 50-day moving average price is $204.55 and its 200-day moving average price is $176.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $116.04 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.58 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $131.41 and a fifty-two week high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company's stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 over the last ninety days. 0.75% of the stock is currently owned by insiders.

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.