Fiserv, Inc. $FISV Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 5.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 504,441 shares of the business services provider’s stock after selling 30,793 shares during the quarter. New York State Teachers Retirement System’s holdings in Fiserv were worth $28,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oakworth Capital Inc. bought a new position in shares of Fiserv in the fourth quarter valued at $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. American National Bank & Trust bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the 4th quarter worth $27,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Fiserv in the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FISV opened at $52.33 on Friday. The stock has a fifty day moving average of $54.24 and a 200-day moving average of $59.49. The firm has a market capitalization of $27.90 billion, a P/E ratio of 8.87, a PEG ratio of 1.46 and a beta of 0.82. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on FISV. Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Robert W. Baird set a $78.00 price target on Fiserv in a research note on Wednesday, May 6th. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft cut their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.23.

Insider Transactions at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Fiserv 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.