Cerity Partners LLC Grows Stake in Fiserv, Inc. $FISV

Cerity Partners LLC lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 507,347 shares of the business services provider’s stock after acquiring an additional 30,778 shares during the period. Cerity Partners LLC owned 0.09% of Fiserv worth $87,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. purchased a new position in shares of Fiserv during the second quarter worth about $2,320,000. Sowell Financial Services LLC lifted its holdings in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Factory Mutual Insurance Co. boosted its position in shares of Fiserv by 11.7% in the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after purchasing an additional 16,500 shares during the period. Dillon & Associates Inc. grew its stake in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC acquired a new position in Fiserv during the second quarter worth approximately $759,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a research note on Thursday, October 30th. B. Riley downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fiserv in a report on Monday, December 1st. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $121.08.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 34,900 shares of company stock worth $2,211,971 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FISV opened at $66.28 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $36.03 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.55 and a beta of 0.80. The company’s fifty day moving average is $90.51 and its two-hundred day moving average is $129.37. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.