Legacy Trust Sells 55 Shares of Fiserv, Inc. (NYSE:FI)

Legacy Trust trimmed its position in Fiserv, Inc. (NYSE:FI) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,951 shares of the business services provider’s stock after selling 55 shares during the period. Legacy Trust’s holdings in Fiserv were worth $1,428,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FI. Mount Yale Investment Advisors LLC lifted its stake in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC raised its position in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after buying an additional 51 shares during the period. Optas LLC grew its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup increased their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Price Performance

Shares of FI stock opened at $212.82 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The firm has a market cap of $121.08 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.37 and a beta of 0.94. The business’s 50 day moving average price is $208.96 and its 200-day moving average price is $190.20.

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.