Callahan Advisors LLC Takes $1.26 Million Position in Fiserv, Inc. (NYSE:FI)

Callahan Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,485 shares of the business services provider’s stock, valued at approximately $1,260,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Fiserv during the fourth quarter worth about $44,230,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Fiserv during the fourth quarter worth about $48,175,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Fiserv during the fourth quarter worth about $1,109,000. Grimes & Company Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $1,131,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Fiserv during the fourth quarter worth about $83,960,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 18.20% of the stock is owned by corporate insiders.

Fiserv Stock Up 1.6 %

Shares of FI traded up $2.47 on Friday, hitting $157.38. 1,691,724 shares of the stock traded hands, compared to its average volume of 2,404,415. The company has a market capitalization of $92.66 billion, a PE ratio of 31.48, a P/E/G ratio of 1.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day simple moving average of $150.30 and a 200 day simple moving average of $133.99. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company earned $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FI shares. StockNews.com started coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Morgan Stanley raised their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a report on Thursday, January 11th. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

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.