Cerity Partners LLC Sells 14,282 Shares of Fiserv, Inc. $FISV

Cerity Partners LLC cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 493,065 shares of the business services provider’s stock after selling 14,282 shares during the period. Cerity Partners LLC owned about 0.09% of Fiserv worth $63,571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at approximately $545,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Fiserv by 13.7% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,776 shares of the business services provider’s stock valued at $392,000 after purchasing an additional 214 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of Fiserv during the 1st quarter valued at approximately $317,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is currently owned by insiders.

Fiserv Price Performance

Shares of FISV opened at $68.75 on Thursday. The business has a 50-day moving average of $65.20 and a 200-day moving average of $114.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.76 and a beta of 0.80. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research note on Thursday, October 30th. Mizuho reduced their price objective on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Susquehanna reaffirmed a “positive” rating and issued a $99.00 target price (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, Wells Fargo & Company raised Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $114.42.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.