Legacy Private Trust Co. Sells 2,794 Shares of Fiserv, Inc. (NYSE:FI)

Legacy Private Trust Co. reduced its stake in Fiserv, Inc. (NYSE:FI) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,615 shares of the business services provider’s stock after selling 2,794 shares during the period. Fiserv makes up 0.9% of Legacy Private Trust Co.’s portfolio, making the stock its 23rd largest holding. Legacy Private Trust Co.’s holdings in Fiserv were worth $13,479,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FI. Waypoint Capital Advisors LLC grew its stake in shares of Fiserv by 1.7% in the 3rd 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. Optas LLC grew its position in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Covestor Ltd lifted its stake in shares of Fiserv by 7.6% in the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. boosted its holdings in shares of Fiserv by 3.8% in the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group raised their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Fiserv Stock Performance

Shares of FI stock traded up $1.39 during mid-day trading on Wednesday, reaching $205.21. The stock had a trading volume of 2,435,236 shares, compared to its average volume of 2,110,473. Fiserv, Inc. has a 1-year low of $134.34 and a 1-year high of $223.23. The firm has a market cap of $116.75 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 1.56 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $209.42 and its 200-day moving average is $184.17.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. On average, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. 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.