Fiserv, Inc. (NYSE:FI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,051 shares of the business services provider’s stock after selling 3,122 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Fiserv were worth $43,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the third quarter valued at approximately $40,000. Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the third quarter valued at approximately $44,000. Finally, Friedenthal Financial purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

FI stock opened at $230.85 on Monday. The company has a market capitalization of $131.34 billion, a P/E ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94. The company has a 50-day simple moving average of $210.77 and a 200 day simple moving average of $195.95. Fiserv, Inc. has a fifty-two week low of $145.44 and a fifty-two week high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FI shares. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley lifted their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group lifted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus 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.