Legacy Private Trust Co. Trims Stock Holdings in Fiserv, Inc. (NASDAQ:FISV)

Legacy Private Trust Co. decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,392 shares of the company’s stock after selling 4,011 shares during the period. Fiserv makes up about 0.8% of Legacy Private Trust Co.’s portfolio, making the stock its 28th biggest holding. Legacy Private Trust Co.’s holdings in Fiserv were worth $10,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. Oliver Lagore Vanvalin Investment Group grew its position in Fiserv by 280.8% during the 1st quarter. Oliver Lagore Vanvalin Investment Group now owns 674 shares of the company’s stock worth $76,000 after purchasing an additional 497 shares during the period. Marotta Asset Management acquired a new stake in Fiserv during the 2nd quarter worth about $404,000. M&R Capital Management Inc. grew its position in Fiserv by 0.3% during the 2nd quarter. M&R Capital Management Inc. now owns 56,945 shares of the company’s stock worth $7,184,000 after purchasing an additional 191 shares during the period. Woodstock Corp grew its position in Fiserv by 0.9% during the 2nd quarter. Woodstock Corp now owns 68,213 shares of the company’s stock worth $8,605,000 after purchasing an additional 595 shares during the period. Finally, DnB Asset Management AS grew its position in Fiserv by 6.2% during the 2nd quarter. DnB Asset Management AS now owns 115,087 shares of the company’s stock worth $14,518,000 after purchasing an additional 6,761 shares during the period. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Fiserv Stock Up 0.7 %

FISV traded up $0.90 during midday trading on Friday, hitting $122.20. 1,930,850 shares of the company were exchanged, compared to its average volume of 3,749,599. The business has a 50 day moving average of $124.41. The stock has a market cap of $76.76 billion, a price-to-earnings ratio of 32.01 and a beta of 0.86. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $122.39.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Fiserv in a research report on Tuesday. They set a “buy” rating on the stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.