26,601 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,601 shares of the business services provider’s stock, valued at approximately $3,534,000.

A number of other institutional investors have also made changes to their positions in the business. New York State Common Retirement Fund acquired a new position in shares of Fiserv during the 4th quarter worth approximately $151,900,000. PDS Planning Inc acquired a new position in Fiserv in the 4th quarter valued at $356,000. Aspire Private Capital LLC acquired a new position in Fiserv in the 4th quarter valued at $1,009,000. California Public Employees Retirement System acquired a new position in Fiserv in the 4th quarter valued at $423,780,000. Finally, Foster & Motley Inc. acquired a new position in Fiserv in the 4th quarter valued at $459,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on FI shares. Robert W. Baird upped their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. B. Riley upped their price objective on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens restated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday. Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Jefferies Financial Group increased their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 2.0 %

FI stock opened at $152.25 on Thursday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $152.28 and its 200-day moving average is $137.34. The firm has a market capitalization of $89.64 billion, a PE ratio of 28.46, a P/E/G ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the company earned $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

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.