Callan Family Office LLC Takes $5.25 Million Position in Fiserv, Inc. $FISV

Callan Family Office LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 106,927 shares of the business services provider’s stock, valued at approximately $5,245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FISV. Stonebridge Capital Advisors LLC lifted its holdings in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Fiserv by 10.4% during the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $78.00 price target on shares of Fiserv in a research report on Wednesday, May 6th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Citigroup restated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Truist Financial set a $53.00 target price on Fiserv and gave the company a “hold” rating in a report on Thursday. Finally, Rothschild & Co Redburn decreased their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.20.

Fiserv Trading Up 2.3%

Shares of FISV stock opened at $52.58 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a market cap of $27.96 billion, a P/E ratio of 10.09, a PEG ratio of 3.86 and a beta of 0.80. The company has a 50 day moving average of $51.33 and a 200-day moving average of $55.85. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $140.09.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The business’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.