New Mexico Educational Retirement Board Trims Stake in Fiserv, Inc. (NYSE:FI)

New Mexico Educational Retirement Board lowered its stake in Fiserv, Inc. (NYSE:FI) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,416 shares of the business services provider’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Fiserv were worth $5,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Catalina Capital Group LLC raised its holdings in Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 48 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares during the period. Hemington Wealth Management raised its holdings in Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 50 shares during the period. Waypoint Capital Advisors LLC raised its holdings in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barclays boosted their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets boosted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Buy” and an average price target of $239.83.

Fiserv Price Performance

NYSE:FI opened at $230.85 on Friday. The firm’s fifty day moving average is $210.30 and its two-hundred day moving average is $195.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $145.44 and a one year high of $233.26. The firm has a market cap of $131.34 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts expect that Fiserv, Inc. will post 10.22 EPS for the current year.

About Fiserv

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.