Campbell Newman Asset Management Inc. Has $4.02 Million Holdings in Fiserv, Inc. (NYSE:FI)

Campbell Newman Asset Management Inc. decreased its stake in Fiserv, Inc. (NYSE:FI) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,561 shares of the business services provider’s stock after selling 175 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Fiserv were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clean Yield Group raised its position 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 stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv in the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the third quarter worth $44,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Up 0.9 %

Shares of NYSE:FI traded up $1.92 during midday trading on Wednesday, hitting $206.39. The stock had a trading volume of 198,103 shares, compared to its average volume of 2,049,651. The company has a market cap of $117.42 billion, a P/E ratio of 39.69, a PEG ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23. The business’s 50-day simple moving average is $209.69 and its 200-day simple moving average is $186.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on FI. Stephens restated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Tigress Financial raised their price target on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.17.

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.