Fiserv, Inc. (NYSE:FI) Stake Lifted by Cerity Partners LLC

Cerity Partners LLC raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 476,569 shares of the business services provider's stock after purchasing an additional 69,977 shares during the quarter. Cerity Partners LLC owned about 0.09% of Fiserv worth $105,241,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vega Investment Solutions acquired a new position in shares of Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $28,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $37,000. Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter valued at $38,000. Finally, Quarry LP lifted its holdings in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

FI traded down $4.49 on Friday, hitting $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,393,552. The firm has a market cap of $91.60 billion, a PE ratio of 29.19, a P/E/G ratio of 1.04 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $151.59 and a twelve month high of $238.59. The stock has a fifty day moving average of $169.52 and a two-hundred day moving average of $198.27. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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

Analysts Set New Price Targets

FI has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. UBS Group reduced their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Robert W. Baird reduced 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. The Goldman Sachs Group reduced their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of the 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 completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Fiserv 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.