Public Employees Retirement System of Ohio Makes New Investment in Fiserv, Inc. $FISV

Public Employees Retirement System of Ohio acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 166,584 shares of the business services provider’s stock, valued at approximately $8,171,000.

Several other hedge funds also recently made changes to their positions in FISV. Dodge & Cox bought a new position in Fiserv during the 4th quarter worth $3,323,210,000. BlackRock Inc. bought a new stake in shares of Fiserv during the 2nd quarter valued at $2,079,711,000. State Street Corp bought a new position in shares of Fiserv in the fourth quarter worth $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $854,215,000. Finally, Amundi acquired a new position in Fiserv in the fourth quarter valued at about $825,819,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FISV shares. Citigroup reiterated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. UBS Group set a $60.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Robert W. Baird set a $78.00 price target on shares of Fiserv in a research report on Wednesday, May 6th. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a research note on Friday, August 7th. Finally, B. Riley Financial cut their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Price Performance

Shares of FISV opened at $53.31 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a market cap of $28.35 billion, a PE ratio of 10.23, a PEG ratio of 4.00 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $138.85. The business has a 50-day simple moving average of $51.88 and a two-hundred day simple moving average of $55.50.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by company insiders.

Fiserv Company Profile

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.