Oregon Public Employees Retirement Fund Sells 511 Shares of Fiserv, Inc. (NYSE:FI)

Oregon Public Employees Retirement Fund reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,765 shares of the business services provider’s stock after selling 511 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fiserv were worth $10,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. J.W. Cole Advisors Inc. lifted its stake in shares of Fiserv by 18.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,686 shares of the business services provider’s stock worth $483,000 after acquiring an additional 419 shares during the last quarter. abrdn plc lifted its holdings in shares of Fiserv by 3.0% in the 3rd quarter. abrdn plc now owns 482,772 shares of the business services provider’s stock worth $86,600,000 after buying an additional 13,928 shares during the period. MONECO Advisors LLC lifted its holdings in shares of Fiserv by 2.3% in the 3rd quarter. MONECO Advisors LLC now owns 3,592 shares of the business services provider’s stock worth $645,000 after buying an additional 80 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Fiserv by 37.7% in the 3rd quarter. Valmark Advisers Inc. now owns 2,995 shares of the business services provider’s stock worth $538,000 after buying an additional 820 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Fiserv by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,583 shares of the business services provider’s stock worth $644,000 after buying an additional 75 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 1.2 %

Shares of NYSE:FI opened at $229.58 on Thursday. The business’s 50-day moving average is $215.50 and its 200 day moving average is $200.07. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99. The firm has a market capitalization of $128.86 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FI shares. Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley upped their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup upped their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Compass Point assumed coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv 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.