Legend Financial Advisors Inc. Has $1.48 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Legend Financial Advisors Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,208 shares of the business services provider’s stock after selling 318 shares during the period. Fiserv accounts for approximately 1.0% of Legend Financial Advisors Inc.’s portfolio, making the stock its 17th biggest position. Legend Financial Advisors Inc.’s holdings in Fiserv were worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FI. Clean Yield Group increased its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter valued at approximately $40,000. Northwest Investment Counselors LLC acquired a new stake in Fiserv in the 3rd quarter worth approximately $44,000. Finally, Wolff Wiese Magana LLC boosted its position in Fiserv by 904.0% during the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after purchasing an additional 226 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE:FI traded down $1.96 during trading on Tuesday, reaching $203.67. The stock had a trading volume of 2,711,242 shares, compared to its average volume of 2,010,288. The stock has a market capitalization of $115.87 billion, a PE ratio of 39.17, a P/E/G ratio of 1.56 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $133.66 and a 52 week high of $223.23. The business’s 50-day moving average price is $209.37 and its 200 day moving average price is $183.79. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

FI has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Susquehanna raised their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Finally, Mizuho increased their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

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.