Police & Firemen s Retirement System of New Jersey Grows Stock Position in Fiserv, Inc. $FISV

Police & Firemen s Retirement System of New Jersey grew its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,802 shares of the business services provider’s stock after buying an additional 1,261 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Fiserv were worth $14,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. E Fund Management Co. Ltd. raised its stake in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Fiserv by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after purchasing an additional 57 shares during the period. LaSalle St. Investment Advisors LLC raised its position in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 62 shares during the period. Finally, SageView Advisory Group LLC lifted its stake in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after buying an additional 62 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FISV. Citigroup reduced their price objective on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. cut their target price on Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and set a $62.00 target price on shares of Fiserv in a report on Wednesday, November 5th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $123.25.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $64.53 on Friday. The stock’s 50-day simple moving average is $112.95 and its two-hundred day simple moving average is $143.03. Fiserv, Inc. has a twelve month low of $60.95 and a twelve month high of $238.59. The firm has a market capitalization of $34.71 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is 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.