Sonora Investment Management Group LLC Buys Shares of 1,009 Fiserv, Inc. (NYSE:FI)

Sonora Investment Management Group LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,009 shares of the business services provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.1 %

NYSE:FI opened at $216.07 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $208.83 and its two-hundred day moving average is $190.54. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23. The stock has a market capitalization of $122.93 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FI. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Oppenheimer boosted their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Company 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.