106,927 Shares in Fiserv, Inc. $FISV Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 106,927 shares of the business services provider’s stock, valued at approximately $5,245,000.

Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC lifted its holdings in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares in the last quarter. Bison Wealth LLC grew its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 195 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after acquiring an additional 198 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FISV shares. Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Mizuho dropped their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Finally, Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $74.20.

Fiserv Stock Performance

Fiserv stock opened at $52.58 on Friday. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $140.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $27.96 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 3.86 and a beta of 0.80. The firm’s fifty day moving average price is $51.33 and its 200-day moving average price is $55.85.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.