Fiserv, Inc. $FISV Stock: CenterBook Partners LP Trims Position

CenterBook Partners LP lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 61.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,518 shares of the business services provider’s stock after selling 34,538 shares during the period. CenterBook Partners LP’s holdings in Fiserv were worth $972,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FISV. Calamos Advisors LLC grew its holdings in shares of Fiserv by 2.1% during the third quarter. Calamos Advisors LLC now owns 113,429 shares of the business services provider’s stock worth $5,125,000 after buying an additional 2,295 shares in the last quarter. Bfsg LLC acquired a new position in shares of Fiserv in the third quarter valued at approximately $256,000. Chicago Partners Investment Group LLC raised its position in shares of Fiserv by 252.6% in the third quarter. Chicago Partners Investment Group LLC now owns 19,937 shares of the business services provider’s stock valued at $994,000 after buying an additional 14,282 shares during the last quarter. Rakuten Investment Management Inc. lifted its stake in shares of Fiserv by 9.4% during the third quarter. Rakuten Investment Management Inc. now owns 95,543 shares of the business services provider’s stock valued at $4,334,000 after buying an additional 8,236 shares during the period. Finally, Associated Banc Corp purchased a new position in shares of Fiserv during the third quarter valued at approximately $6,714,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on FISV shares. Stephens began coverage on shares of Fiserv in a research report on Tuesday, August 11th. They set an “equal weight” rating and a $57.00 target price on the stock. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a report on Thursday, November 5th. UBS Group increased their price target on Fiserv from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 4th. Susquehanna lowered their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fiserv from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average price target of $64.26.

Fiserv Price Performance

Fiserv stock opened at $63.32 on Wednesday. Fiserv, Inc. has a 1 year low of $43.87 and a 1 year high of $70.41. The firm has a 50 day moving average price of $49.75 and a 200 day moving average price of $54.56. The company has a market cap of $33.69 billion, a price-to-earnings ratio of -8.53, a PEG ratio of 5.65 and a beta of 0.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.72 by $0.03. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.85 billion. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Fiserv Company Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.