1,655 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Legacy Financial Group LLC

Legacy Financial Group LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,655 shares of the business services provider’s stock, valued at approximately $340,000.

A number of other large investors have also modified their holdings of FI. Soros Capital Management LLC increased its stake in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the period. Czech National Bank increased its stake in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC acquired a new position in Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont increased its stake in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. acquired a new position in Fiserv during the 4th quarter valued at about $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Up 1.2 %

NYSE:FI opened at $208.90 on Monday. The stock’s fifty day moving average price is $209.02 and its two-hundred day moving average price is $189.07. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.37 and a beta of 0.94.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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.