Fiserv, Inc. (NYSE:FI) Position Boosted by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,516 shares of the business services provider’s stock after purchasing an additional 2,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Fiserv were worth $5,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baker Ellis Asset Management LLC raised its stake in Fiserv by 0.9% during the first quarter. Baker Ellis Asset Management LLC now owns 43,460 shares of the business services provider’s stock worth $6,946,000 after acquiring an additional 376 shares during the period. Investment Research & Advisory Group Inc. raised its stake in Fiserv by 8.4% during the first quarter. Investment Research & Advisory Group Inc. now owns 19,217 shares of the business services provider’s stock worth $3,071,000 after acquiring an additional 1,484 shares during the period. First Bank & Trust acquired a new stake in shares of Fiserv in the first quarter valued at approximately $245,000. WoodTrust Financial Corp increased its stake in shares of Fiserv by 19.1% in the first quarter. WoodTrust Financial Corp now owns 1,908 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 306 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Fiserv by 57.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,002 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.0 %

Shares of Fiserv stock traded down $0.04 during midday trading on Friday, reaching $149.04. 3,926,039 shares of the company’s stock traded hands, compared to its average volume of 2,461,209. The company has a market cap of $87.20 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company’s 50 day simple moving average is $150.81 and its 200 day simple moving average is $147.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. Equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock worth $7,611,991 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on FI. Stephens restated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Citigroup increased their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Susquehanna increased their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Wells Fargo & Company began coverage on shares of Fiserv in a report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, B. Riley increased their price objective on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

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.