Texas Permanent School Fund Has $7.23 Million Position in Fiserv, Inc. (FISV)
Texas Permanent School Fund cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,692 shares of the business services provider’s stock after selling 2,330 shares during the period. Texas Permanent School Fund’s holdings in Fiserv were worth $7,229,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of FISV. Norges Bank bought a new stake in shares of Fiserv during the fourth quarter valued at $186,702,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Fiserv during the fourth quarter valued at $39,604,000. Asset Management One Co. Ltd. increased its stake in shares of Fiserv by 1,801.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 388,802 shares of the business services provider’s stock valued at $41,349,000 after buying an additional 368,354 shares during the last quarter. Capital World Investors increased its stake in shares of Fiserv by 10.3% in the third quarter. Capital World Investors now owns 2,857,700 shares of the business services provider’s stock valued at $284,255,000 after buying an additional 267,700 shares during the last quarter. Finally, State Street Corp boosted its position in Fiserv by 2.7% in the fourth quarter. State Street Corp now owns 8,899,144 shares of the business services provider’s stock valued at $945,795,000 after buying an additional 236,343 shares during the period. 87.99% of the stock is owned by institutional investors.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down 0.65% during trading on Friday, reaching $124.65. The company had a trading volume of 1,732,423 shares. The company has a market cap of $26.47 billion, a P/E ratio of 31.14 and a beta of 0.81. The firm has a 50-day moving average of $122.15 and a 200-day moving average of $114.36. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $126.28.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.07. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post $5.13 EPS for the current year.
Several research firms recently commented on FISV. Robert W. Baird reiterated an “outperform” rating and issued a $134.00 price target (up previously from $128.00) on shares of Fiserv in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $146.25 price target (up previously from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Vetr upgraded Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target on the stock in a research note on Monday, April 3rd. Guggenheim started coverage on Fiserv in a research note on Friday, March 31st. They set a “neutral” rating and a $118.00 price objective on the stock. Finally, Monness Crespi & Hardt upped their price objective on Fiserv from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.25.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the sale, the insider now owns 337,151 shares in the company, valued at approximately $40,522,178.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the sale, the insider now owns 323,776 shares in the company, valued at approximately $39,452,105.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $4,057,530 in the last quarter. 1.90% of the stock is currently owned by company insiders.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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