Fiserv, Inc. (NYSE:FI) Shares Sold by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Sanders Capital LLC acquired a new position in Fiserv during the third quarter worth about $764,543,000. FMR LLC raised its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S purchased a new position in Fiserv during the third quarter worth about $172,993,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC raised its stake in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.1 %

Shares of NYSE FI opened at $216.07 on Monday. The company has a market capitalization of $122.93 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. 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 business has a 50-day moving average of $208.72 and a two-hundred day moving average of $191.19. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FI shares. Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Morgan Stanley lifted their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Stephens reissued an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by company insiders.

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.