CenterBook Partners LP Has $1.92 Million Stock Position in Fiserv, Inc. (NYSE:FI)

CenterBook Partners LP reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 52.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,712 shares of the business services provider's stock after selling 9,459 shares during the quarter. CenterBook Partners LP's holdings in Fiserv were worth $1,924,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC raised its stake in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after buying an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after buying an additional 253,544 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after buying an additional 340,938 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.6%

Shares of NYSE FI traded down $0.95 during mid-day trading on Friday, hitting $166.40. The company's stock had a trading volume of 1,515,051 shares, compared to its average volume of 3,416,573. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a one year low of $154.17 and a one year high of $238.59. The company's fifty day simple moving average is $168.12 and its 200-day simple moving average is $197.10.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a research note on Thursday. They issued a "buy" rating and a $200.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Robert W. Baird lowered their target price on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Finally, Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $220.59.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Company 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.