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

Sonora Investment Management Group LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,009 shares of the business services provider’s stock, valued at approximately $207,000.

Several other institutional investors have also recently made changes to their positions in FI. Clean Yield Group raised its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of Fiserv by 95.5% in 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. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the third quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of Fiserv stock opened at $216.07 on Friday. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap 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. The stock has a 50 day moving average price of $208.83 and a 200-day moving average price of $190.54.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group raised their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Tigress Financial increased their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. BMO Capital Markets increased 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. Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three research 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. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average 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.