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

WESPAC Advisors SoCal LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The fund 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. Centaurus Financial Inc. lifted its stake in Fiserv by 19.4% in the 2nd 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 raised its holdings in Fiserv by 5.2% in 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Fiserv by 19.4% during the 3rd quarter. GAMMA Investing LLC now owns 14,547 shares of the business services provider’s stock worth $2,613,000 after purchasing an additional 2,360 shares during the period. WealthBridge Capital Management LLC acquired a new position in Fiserv in the third quarter valued at $400,000. Finally, Diversified Trust Co lifted its position in Fiserv by 2.7% during the third quarter. Diversified Trust Co now owns 61,972 shares of the business services provider’s stock worth $11,133,000 after buying an additional 1,642 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FI shares. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Stephens restated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group boosted their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Up 0.3 %

FI stock opened at $216.59 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The company has a fifty day simple moving average of $208.72 and a 200 day simple moving average of $191.43. The firm has a market cap of $123.22 billion, a PE ratio of 41.65, a PEG ratio of 1.42 and a beta of 0.94.

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.