Fiserv, Inc. (NYSE:FI) Shares Sold by West Bancorporation Inc.

West Bancorporation Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 28.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,176 shares of the business services provider’s stock after selling 472 shares during the period. West Bancorporation Inc.’s holdings in Fiserv were worth $242,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sanders Capital LLC purchased a new position in Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC raised its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new stake in shares of Fiserv during the 3rd quarter worth $172,993,000. Kovitz Investment Group Partners LLC raised its position in shares of Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI opened at $216.07 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average price of $208.83 and a two-hundred day moving average price of $190.54. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company 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.

Wall Street Analyst Weigh In

Several research firms have commented on FI. Oppenheimer raised their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets lifted their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Morgan Stanley lifted their price target on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.