1,509,548 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,509,548 shares of the business services provider’s stock, valued at approximately $200,528,000. Cerity Partners LLC owned 0.25% of Fiserv at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bay Harbor Wealth Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at $76,000. Physicians Financial Services Inc. purchased a new stake in Fiserv during the 4th quarter valued at $274,000. Seelaus Asset Management LLC purchased a new stake in Fiserv during the 4th quarter valued at $310,000. Sandy Spring Bank purchased a new stake in Fiserv during the 4th quarter valued at $174,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Fiserv during the 4th quarter valued at $10,665,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI traded down $1.46 on Thursday, reaching $152.32. The company’s stock had a trading volume of 262,157 shares, compared to its average volume of 2,489,982. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $89.68 billion, a P/E ratio of 30.76, a PEG ratio of 1.29 and a beta of 0.91. The stock’s 50 day simple moving average is $151.06 and its two-hundred day simple moving average is $134.79. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Research analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on FI. Royal Bank of Canada increased their price target on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Robert W. Baird raised their price objective on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Finally, KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Monday, January 8th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

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.