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

Callan Capital LLC grew its stake in Fiserv, Inc. (NYSE:FI) by 6.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,729 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Callan Capital LLC’s holdings in Fiserv were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bradley Foster & Sargent Inc. CT grew its position 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 worth $104,796,000 after buying an additional 16,441 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $79,000. Tandem Investment Advisors Inc. grew its position 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 worth $8,244,000 after buying an additional 336 shares during the period. Flossbach Von Storch SE acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $214,000. Finally, Boston Financial Mangement LLC grew its position 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 worth $888,000 after buying an additional 642 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.8 %

Fiserv stock opened at $232.47 on Friday. The company has a 50 day moving average of $213.81 and a 200-day moving average 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. The stock has a market capitalization of $132.26 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Oppenheimer boosted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $239.83.

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.