MGO One Seven LLC Reduces Holdings in Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

MGO One Seven LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,813 shares of the business services provider’s stock after selling 2,908 shares during the quarter. MGO One Seven LLC’s holdings in Fiserv were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Kestra Private Wealth Services LLC raised its position in Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust increased its stake in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after buying an additional 1,983 shares during the period. Evercore Wealth Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $54,981,000. Meridian Wealth Advisors LLC lifted its stake in Fiserv by 4.1% in the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider’s stock worth $5,933,000 after acquiring an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC boosted its holdings in Fiserv by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider’s stock valued at $105,463,000 after acquiring an additional 2,589 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $138.99 on Friday. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The firm has a market cap of $75.56 billion, a P/E ratio of 23.20, a PEG ratio of 0.92 and a beta of 0.91. The company has a 50 day moving average of $163.09 and a 200 day moving average of $193.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the previous year, the business earned $2.13 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Redburn Atlantic restated a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.08.

Check Out Our Latest Stock Analysis on Fiserv

About Fiserv

(Free Report)

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.

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