Live Oak Private Wealth LLC Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Live Oak Private Wealth LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 18.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,297 shares of the business services provider’s stock after selling 11,491 shares during the quarter. Fiserv makes up about 1.7% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 14th largest position. Live Oak Private Wealth LLC’s holdings in Fiserv were worth $10,332,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Soros Capital Management LLC increased its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank grew its holdings in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the third quarter valued at approximately $4,709,000. Trust Co. of Vermont lifted its stake in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv during the fourth quarter worth approximately $97,254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock opened at $231.05 on Friday. The stock’s 50 day moving average is $208.61 and its two-hundred day moving average is $192.51. Fiserv, Inc. has a 52-week low of $140.26 and a 52-week high of $232.25. The company has a market capitalization of $131.45 billion, a PE ratio of 44.43, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted 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 net margin of 15.22% and a return on equity of 17.10%. Analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FI. UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. 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, BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $232.13.

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.