Callan Capital LLC Acquires 100 Shares of Fiserv, Inc. (NYSE:FI)

Callan Capital LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,729 shares of the business services provider’s stock after purchasing an additional 100 shares during the quarter. Callan Capital LLC’s holdings in Fiserv were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Fiserv by 3.3% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 510,153 shares of the business services provider’s stock valued at $104,796,000 after purchasing an additional 16,441 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at $79,000. Tandem Investment Advisors Inc. raised its holdings in shares of Fiserv by 0.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 40,133 shares of the business services provider’s stock valued at $8,244,000 after purchasing an additional 336 shares in the last quarter. Flossbach Von Storch SE bought a new position in shares of Fiserv during the 4th quarter valued at $214,000. Finally, Boston Financial Mangement LLC raised its holdings in shares of Fiserv by 17.4% during the 4th quarter. Boston Financial Mangement LLC now owns 4,324 shares of the business services provider’s stock valued at $888,000 after purchasing an additional 642 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent research reports. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Trading Down 0.8 %

Shares of FI stock opened at $232.47 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. The company has a market capitalization of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a 50-day moving average price of $213.81 and a 200 day moving average price of $198.56. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.