Calamos Wealth Management LLC decreased its position in Fiserv Inc (NASDAQ:FISV) by 13.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,995 shares of the business services provider’s stock after selling 300 shares during the period. Calamos Wealth Management LLC’s holdings in Fiserv were worth $231,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Truewealth LLC boosted its stake in Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares during the period. Cordasco Financial Network acquired a new position in Fiserv in the 3rd quarter worth $29,000. Financial Management Professionals Inc. acquired a new position in Fiserv in the 3rd quarter worth $31,000. Liberty Wealth Management LLC acquired a new position in Fiserv in the 3rd quarter worth $36,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv in the 3rd quarter worth $41,000. 92.66% of the stock is owned by institutional investors.
Shares of NASDAQ:FISV opened at $118.51 on Thursday. The company’s 50-day moving average price is $116.20 and its two-hundred day moving average price is $106.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv Inc has a one year low of $68.45 and a one year high of $119.31. The stock has a market capitalization of $79.92 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that Fiserv Inc will post 4.04 earnings per share for the current fiscal year.
In other Fiserv news, insider Lynn S. Mccreary sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $111.39, for a total transaction of $2,005,020.00. Following the sale, the insider now directly owns 70,364 shares of the company’s stock, valued at approximately $7,837,845.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Devin Mcgranahan sold 3,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $116.12, for a total transaction of $406,420.00. Following the sale, the executive vice president now directly owns 62,998 shares in the company, valued at $7,315,327.76. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock worth $16,777,390 over the last three months. Insiders own 1.40% of the company’s stock.
A number of equities analysts recently weighed in on FISV shares. Moffett Nathanson lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. ValuEngine lowered shares of Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Monday, November 11th. SunTrust Banks upped their target price on shares of Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Bank of America started coverage on shares of Fiserv in a research note on Tuesday, December 3rd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. Fiserv presently has an average rating of “Buy” and a consensus target price of $110.98.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
See Also: How Do I Invest in Dividend Stocks
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.