Teacher Retirement System of Texas Cuts Holdings in Fiserv, Inc. $FISV

Teacher Retirement System of Texas lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,592 shares of the business services provider’s stock after selling 107,568 shares during the period. Teacher Retirement System of Texas’ holdings in Fiserv were worth $19,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Fiserv during the 2nd quarter worth $1,252,260,000. Marshall Wace LLP bought a new position in Fiserv in the second quarter worth about $356,643,000. Worldquant Millennium Advisors LLC lifted its position in shares of Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after buying an additional 948,634 shares during the last quarter. Baupost Group LLC MA bought a new stake in shares of Fiserv in the 2nd quarter valued at about $154,307,000. Finally, Amundi grew its position in shares of Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after buying an additional 807,916 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FISV opened at $67.56 on Friday. The stock has a 50-day moving average of $65.94 and a two-hundred day moving average of $105.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $36.73 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FISV has been the subject of several recent analyst reports. Citigroup lowered their target price 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. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $114.78.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.