Louisiana State Employees Retirement System Has $1.83 Million Holdings in Fiserv Inc (FISV)

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Louisiana State Employees Retirement System reduced its stake in shares of Fiserv Inc (NASDAQ:FISV) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the business services provider’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fiserv were worth $1,827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Fiserv by 2.9% during the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock valued at $2,303,573,000 after buying an additional 898,122 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Fiserv by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock valued at $1,737,178,000 after buying an additional 845,558 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Fiserv by 7,194.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock valued at $141,000 after buying an additional 10,203,585 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fiserv by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after buying an additional 469,507 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Fiserv by 3.0% during the fourth quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock valued at $393,915,000 after buying an additional 154,269 shares during the last quarter. 88.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FISV opened at $85.01 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $33.94 billion, a P/E ratio of 27.42, a PEG ratio of 2.09 and a beta of 0.83. Fiserv Inc has a 52-week low of $68.43 and a 52-week high of $91.19.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. Fiserv’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on Fiserv in a research note on Monday, April 8th. They set a “market perform” rating and a $101.00 target price on the stock. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. SunTrust Banks reaffirmed a “hold” rating and set a $85.21 target price on shares of Fiserv in a research note on Tuesday, January 29th. Wedbush upped their target price on Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 29th. Finally, Royal Bank of Canada raised Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a research note on Monday, January 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $87.29.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares in the company, valued at $7,448,926.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Denis Oleary sold 13,728 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the sale, the director now owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. Insiders sold 137,912 shares of company stock valued at $11,685,371 in the last quarter. 1.70% of the stock is owned by company insiders.

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About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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