Callan Family Office LLC Acquires 23,403 Shares of Fiserv, Inc. (NYSE:FI)

Callan Family Office LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 491.9% during the 4th quarter, HoldingsChannel reports. The fund owned 28,161 shares of the business services provider’s stock after acquiring an additional 23,403 shares during the quarter. Callan Family Office LLC’s holdings in Fiserv were worth $5,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FI. FMR LLC raised its position in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new position in shares of Fiserv during the third quarter valued at about $764,543,000. Bank of New York Mellon Corp increased its holdings in shares of Fiserv by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after buying an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Fiserv by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after acquiring an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Fiserv during the 4th quarter valued at about $614,982,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 2.7 %

FI stock opened at $219.75 on Friday. The business has a 50 day moving average of $218.11 and a 200 day moving average of $202.53. The firm has a market cap of $123.34 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FI shares. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. KeyCorp upped their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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.