Fiserv, Inc. (NYSE:FI) Stake Lowered by West Bancorporation Inc.

West Bancorporation Inc. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 28.6% in the 4th quarter, Holdings Channel reports. 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.

Several other institutional investors have also made changes to their positions in FI. Soros Capital Management LLC raised its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank raised its position in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the last quarter. Chiron Investment Management LLC acquired a new position in Fiserv in the 3rd quarter valued at approximately $4,709,000. Trust Co. of Vermont lifted its position in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv during the 4th quarter valued at about $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Morgan Stanley raised their target price on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Fiserv Trading Up 0.1 %

Fiserv stock opened at $216.07 on Friday. 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 P/E ratio of 41.55, a PEG ratio of 1.39 and a beta of 0.94. The stock has a 50-day simple moving average of $208.83 and a 200 day simple moving average of $190.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

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.