Public Employees Retirement Association of Colorado decreased its stake in shares of Fiserv Inc (NASDAQ:FISV) by 18.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 858,881 shares of the business services provider’s stock after selling 193,599 shares during the period. Public Employees Retirement Association of Colorado owned 0.22% of Fiserv worth $88,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gilbert & Cook Inc. increased its stake in Fiserv by 9.7% in the 3rd quarter. Gilbert & Cook Inc. now owns 2,567 shares of the business services provider’s stock worth $266,000 after acquiring an additional 227 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Fiserv by 23.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 640 shares of the business services provider’s stock worth $66,000 after acquiring an additional 121 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Fiserv by 4.5% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,521 shares of the business services provider’s stock worth $261,000 after acquiring an additional 108 shares during the last quarter. Principle Wealth Partners LLC bought a new position in Fiserv in the 3rd quarter worth about $207,000. Finally, Madrona Funds LLC bought a new position in Fiserv in the 3rd quarter worth about $400,000.

In related news, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the completion of the transaction, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the transaction, the insider now directly owns 372,447 shares of the company’s stock, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,000 shares of company stock valued at $13,422,250. 1.40% of the stock is currently owned by company insiders.

FISV stock traded up $0.96 during trading on Friday, hitting $110.61. 4,201,000 shares of the company traded hands, compared to its average volume of 4,555,937. The firm has a market capitalization of $40.87 billion, a PE ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The company has a 50-day moving average of $104.63 and a 200-day moving average of $97.58. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $111.46.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Sell-side analysts expect that Fiserv Inc will post 4.03 EPS for the current year.

A number of equities analysts have weighed in on FISV shares. Robert W. Baird upped their target price on Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup upgraded Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. Canaccord Genuity started coverage on Fiserv in a research note on Thursday, September 12th. They issued a “buy” rating and a $130.00 target price on the stock. UBS Group increased their price objective on Fiserv from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine lowered Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $107.85.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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