Calamos Advisors LLC Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Calamos Advisors LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,595 shares of the business services provider’s stock after purchasing an additional 25,066 shares during the period. Calamos Advisors LLC’s holdings in Fiserv were worth $39,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at about $29,000. Clean Yield Group increased its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Kennebec Savings Bank bought a new position in Fiserv in the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the third quarter valued at about $44,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on FI shares. Keefe, Bruyette & Woods boosted their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their target price on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Up 0.3 %

Shares of NYSE:FI opened at $216.59 on Tuesday. The stock’s fifty day simple moving average is $208.72 and its 200-day simple moving average is $191.43. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a market capitalization of $123.22 billion, a P/E ratio of 41.65, a P/E/G ratio of 1.42 and a beta of 0.94. 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 Company 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.