Magnolia Capital Advisors LLC Sells 182 Shares of Fiserv, Inc. (NYSE:FI)

Magnolia Capital Advisors LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,398 shares of the business services provider’s stock after selling 182 shares during the period. Magnolia Capital Advisors LLC’s holdings in Fiserv were worth $903,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter worth about $29,000. Clean Yield Group grew its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew 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 in the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter worth about $40,000. Finally, Friedenthal Financial bought a new position in shares of Fiserv during the fourth quarter valued at approximately $49,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FI. Wells Fargo & Company increased their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Tigress Financial increased their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Susquehanna increased their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Stephens reiterated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Trading Up 0.1 %

Shares of Fiserv stock opened at $216.07 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day moving average price of $208.72 and a 200 day moving average price of $191.19. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The stock has a market cap of $122.93 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94.

Fiserv Company 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.