Centaurus Financial Inc. Buys New Holdings in Fiserv, Inc. (NYSE:FI)

Centaurus Financial Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,390 shares of the business services provider’s stock, valued at approximately $185,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv during the fourth quarter valued at $5,885,279,000. Capital World Investors bought a new position in shares of Fiserv during the fourth quarter valued at $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in shares of Fiserv during the fourth quarter valued at $960,592,000. Finally, Veritas Asset Management LLP bought a new position in shares of Fiserv during the fourth quarter valued at $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FI shares. Citigroup lifted their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. B. Riley lifted their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens reissued an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday, April 24th. Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Fiserv Price Performance

Shares of FI opened at $149.44 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The stock has a market cap of $87.44 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The stock’s 50-day moving average price is $150.81 and its two-hundred day moving average price is $146.22.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the business earned $1.58 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Activity

In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock worth $7,611,991 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

About Fiserv

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.