Legacy Financial Advisors Inc. Sells 167 Shares of Fiserv, Inc. (NYSE:FI)

Legacy Financial Advisors Inc. reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,031 shares of the business services provider’s stock after selling 167 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Fiserv were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at about $25,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv in the fourth quarter worth approximately $27,000. Family Firm Inc. bought a new stake in Fiserv in the 2nd quarter worth approximately $31,000. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter valued at $32,000. Finally, Quarry LP bought a new position in shares of Fiserv during the 4th quarter valued at $36,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on FI shares. Royal Bank of Canada upped their price objective on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. TD Cowen upped their price target on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. KeyCorp raised their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.32.

Fiserv Price Performance

NYSE:FI opened at $177.61 on Friday. The business’s 50-day moving average is $166.23 and its 200 day moving average is $156.78. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The company has a market capitalization of $103.92 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 66,890 shares of company stock valued at $10,853,407 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

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.