Western Financial Corp CA Invests $648,000 in Fiserv, Inc. (NYSE:FI)

Western Financial Corp CA purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,154 shares of the business services provider’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at about $9,083,000. Newbridge Financial Services Group Inc. grew its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the period. Centaurus Financial Inc. increased its holdings in Fiserv by 19.4% in the second quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock valued at $288,000 after buying an additional 314 shares in the last quarter. Czech National Bank lifted its position in shares of Fiserv by 5.2% during the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after acquiring an additional 5,784 shares during the period. Finally, Unique Wealth LLC lifted its position in shares of Fiserv by 18.6% during the 3rd quarter. Unique Wealth LLC now owns 11,715 shares of the business services provider’s stock valued at $2,105,000 after acquiring an additional 1,840 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group raised their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Susquehanna increased their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group lifted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Performance

NYSE:FI opened at $216.07 on Friday. The company has a market cap of $122.93 billion, a P/E ratio of 41.55, a P/E/G ratio of 1.39 and a beta of 0.94. The firm’s 50 day moving average is $208.72 and its two-hundred day moving average is $190.96. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. 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 Profile

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.