Campbell Newman Asset Management Inc. Sells 175 Shares of Fiserv, Inc. (NYSE:FI)

Campbell Newman Asset Management Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Waypoint Capital Advisors LLC raised its holdings in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares in the last quarter. Optas LLC increased its position in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares during the period. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Covestor Ltd raised its stake in Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. lifted its position in Fiserv by 3.8% during the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after purchasing an additional 61 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.9 %

Shares of NYSE FI traded up $1.92 during trading on Wednesday, reaching $206.39. The company had a trading volume of 198,103 shares, compared to its average volume of 2,049,651. The stock 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. The company’s fifty day moving average price is $209.69 and its 200-day moving average price 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, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FI has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Morgan Stanley lifted their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada upped their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Susquehanna boosted their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Three research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.17.

Fiserv 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.