WESPAC Advisors SoCal LLC Invests $780,000 in Fiserv, Inc. (NYSE:FI)

WESPAC Advisors SoCal LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,795 shares of the business services provider’s stock, valued at approximately $780,000.

Other hedge funds have also modified their holdings of the company. Soros Capital Management LLC grew its holdings in shares of 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 during the period. Czech National Bank lifted its stake in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new position in Fiserv during the 3rd quarter worth about $4,709,000. Trust Co. of Vermont lifted its stake in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after acquiring an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in Fiserv during the 4th quarter worth about $97,254,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FI shares. Keefe, Bruyette & Woods increased their target price on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Susquehanna increased their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, 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. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Trading Up 0.3 %

NYSE:FI opened at $216.59 on Tuesday. The stock’s 50 day moving average price is $208.72 and its 200 day moving average price is $191.43. The company has a market capitalization of $123.22 billion, a PE ratio of 41.65, 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, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23.

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.