CenterBook Partners LP Raises Stock Holdings in Fiserv, Inc. (NYSE:FI)

CenterBook Partners LP grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 420.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,171 shares of the business services provider's stock after buying an additional 14,679 shares during the period. CenterBook Partners LP's holdings in Fiserv were worth $3,733,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FI. Norges Bank bought a new stake in shares of Fiserv in the 4th quarter worth approximately $1,406,452,000. Raymond James Financial Inc. purchased a new position in shares of Fiserv in the fourth quarter worth about $614,982,000. Alliancebernstein L.P. boosted its holdings in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares during the period. FMR LLC increased its stake in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the period. Finally, Winslow Capital Management LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $363,031,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Fiserv stock traded up $2.23 during midday trading on Tuesday, reaching $214.47. 637,113 shares of the company traded hands, compared to its average volume of 2,708,950. The firm has a market capitalization of $119.80 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The business has a 50 day moving average of $220.94 and a two-hundred day moving average of $210.90. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59.

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Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and raised their target price for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.48.

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.