Fiserv, Inc. (NYSE:FI) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its position in Fiserv, Inc. (NYSE:FI) by 46.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,134 shares of the business services provider’s stock after selling 7,912 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Fiserv were worth $1,876,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Sanders Capital LLC purchased a new stake in shares of Fiserv during the third quarter worth approximately $764,543,000. FMR LLC raised its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $97,254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 2.4 %

FI opened at $236.03 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market cap of $134.28 billion, a P/E ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $236.93. The business’s fifty day simple moving average is $212.02 and its 200 day simple moving average is $197.21.

Fiserv (NYSE:FI) last issued its quarterly 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, equities research analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FI shares. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.