Fiserv Inc (NASDAQ:FISV) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Fiserv Inc (NASDAQ:FISV) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 461,402 shares of the business services provider’s stock after selling 112,607 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fiserv were worth $42,061,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bremer Bank National Association acquired a new position in Fiserv in the 1st quarter worth about $25,000. Advantage Investment Management LLC raised its holdings in Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the period. Oakworth Capital Inc. acquired a new position in Fiserv in the 2nd quarter worth about $36,000. Finally, Parkside Financial Bank & Trust raised its holdings in Fiserv by 74.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after purchasing an additional 198 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

Shares of Fiserv stock traded up $0.33 during mid-day trading on Wednesday, reaching $107.32. 140,121 shares of the stock traded hands, compared to its average volume of 8,379,528. The business has a 50-day moving average of $99.79 and a 200 day moving average of $90.03. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $108.57. The stock has a market capitalization of $42.15 billion, a PE ratio of 34.64, a PEG ratio of 2.43 and a beta of 0.80. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, equities research analysts expect that Fiserv Inc will post 3.68 EPS for the current fiscal year.

FISV has been the subject of a number of analyst reports. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating and upped their price target for the stock from $91.00 to $100.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call. Raymond James initiated coverage on Fiserv in a report on Friday, June 21st. They issued an “outperform” rating and a $103.00 price target for the company. Argus reaffirmed a “buy” rating on shares of Fiserv in a report on Monday, August 12th. Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price target for the company in a report on Wednesday, June 26th. Finally, BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $97.88.

In other news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $94.25, for a total value of $1,885,000.00. Following the completion of the sale, the insider now directly owns 331,429 shares in the company, valued at $31,237,183.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 60,000 shares of company stock valued at $5,733,600 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Fiserv Company Profile

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.

Further Reading: Trade War

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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