Fiserv, Inc. (NYSE:FI) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 44.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,676 shares of the business services provider’s stock after selling 6,217 shares during the quarter. Legato Capital Management LLC’s holdings in Fiserv were worth $1,577,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FI. Ritholtz Wealth Management lifted its holdings in Fiserv by 16.1% in the third quarter. Ritholtz Wealth Management now owns 4,112 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 569 shares during the period. Carnegie Investment Counsel lifted its holdings in Fiserv by 5.8% in the third quarter. Carnegie Investment Counsel now owns 2,044 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 112 shares during the period. ORG Wealth Partners LLC acquired a new position in Fiserv in the third quarter valued at approximately $142,000. Sapient Capital LLC acquired a new position in Fiserv in the third quarter valued at approximately $1,294,000. Finally, CX Institutional lifted its holdings in Fiserv by 16.4% in the third quarter. CX Institutional now owns 56,440 shares of the business services provider’s stock valued at $10,139,000 after acquiring an additional 7,943 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $239.83.

Fiserv Stock Performance

NYSE FI opened at $229.97 on Wednesday. The stock’s fifty day moving average is $209.54 and its two-hundred day moving average is $194.77. The firm has a market capitalization of $130.84 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $142.47 and a fifty-two week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, research analysts anticipate that Fiserv, Inc. will post 10.22 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.