Legacy Private Trust Co. Buys 7,730 Shares of Fiserv, Inc. $FISV

Legacy Private Trust Co. boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,959 shares of the business services provider’s stock after purchasing an additional 7,730 shares during the quarter. Legacy Private Trust Co.’s holdings in Fiserv were worth $8,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Fiserv in the second quarter valued at approximately $1,252,260,000. Marshall Wace LLP bought a new stake in Fiserv during the 2nd quarter worth approximately $356,643,000. Assenagon Asset Management S.A. lifted its stake in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB boosted its holdings in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Fiserv by 2,134.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after purchasing an additional 948,634 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 34,900 shares of company stock valued at $2,211,971. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Up 0.9%

Shares of Fiserv stock opened at $68.29 on Thursday. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The company has a market cap of $37.12 billion, a P/E ratio of 10.55, a PEG ratio of 2.61 and a beta of 0.80. The company’s fifty day simple moving average is $80.98 and its two-hundred day simple moving average is $124.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion for the quarter. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FISV. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Citigroup cut their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. TD Cowen lowered Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 30th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $121.08.

About Fiserv

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.