Public Employees Retirement System of Ohio Increases Position in Fiserv, Inc. (NYSE:FI)
Public Employees Retirement System of Ohio grew its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 266,291 shares of the business services provider's stock after purchasing an additional 8,448 shares during the period. Public Employees Retirement System of Ohio's holdings in Fiserv were worth $54,701,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Vega Investment Solutions bought a new position in shares of Fiserv in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the fourth quarter worth $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv in the fourth quarter valued at about $31,000. Finally, Campbell Capital Management Inc. purchased a new position in Fiserv in the fourth quarter worth about $37,000. 90.98% of the stock is owned by institutional investors.
NYSE FI opened at $161.38 on Friday. The firm has a market cap of $89.48 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a 50 day simple moving average of $198.36 and a 200-day simple moving average of $209.28.
Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the firm earned $1.88 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
Fiserv declared that its Board of Directors has approved a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.
A number of equities analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Barclays cut their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $224.20.
Get Our Latest Research Report on FI
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.
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