Fiserv, Inc. (NYSE:FI) Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,297 shares of the business services provider’s stock after selling 11,491 shares during the period. Fiserv makes up 1.7% of Live Oak Private Wealth LLC’s holdings, making the stock its 14th biggest holding. Live Oak Private Wealth LLC’s holdings in Fiserv were worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its position in Fiserv by 4.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock valued at $1,661,000 after acquiring an additional 393 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Fiserv by 18.2% in the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after purchasing an additional 753 shares in the last quarter. Brookstone Capital Management boosted its position in Fiserv by 17.2% in the 3rd quarter. Brookstone Capital Management now owns 40,306 shares of the business services provider’s stock valued at $7,241,000 after buying an additional 5,927 shares during the period. Daymark Wealth Partners LLC purchased a new stake in shares of Fiserv during the third quarter worth $201,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Fiserv by 30.7% in the third quarter. Hexagon Capital Partners LLC now owns 583 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 137 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of analyst reports. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $232.13.

Fiserv Trading Up 0.7 %

NYSE FI opened at $231.05 on Friday. The firm’s fifty day moving average is $208.61 and its two-hundred day moving average is $192.51. Fiserv, Inc. has a one year low of $140.26 and a one year high of $232.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $131.45 billion, a PE ratio of 44.43, a P/E/G ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.