Legacy Advisors LLC Has $2.76 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Legacy Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,475 shares of the business services provider's stock after buying an additional 1,810 shares during the period. Legacy Advisors LLC's holdings in Fiserv were worth $2,755,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Vega Investment Solutions acquired a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC bought a new position in Fiserv during the fourth quarter worth about $28,000. Campbell Capital Management Inc. acquired a new stake in Fiserv in the 4th quarter worth about $37,000. Quarry LP boosted its holdings in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Susquehanna cut their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Finally, Tigress Financial increased their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

Fiserv Trading Down 1.2%

NYSE FI traded down $2.13 on Wednesday, reaching $170.53. The company had a trading volume of 4,100,469 shares, compared to its average volume of 3,327,603. The firm has a market cap of $94.55 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.06 and a beta of 0.90. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The business has a 50 day moving average of $175.60 and a two-hundred day moving average of $201.16.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned $1.88 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.