Calamos Advisors LLC Purchases 25,066 Shares of Fiserv, Inc. (NYSE:FI)

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

Several other institutional investors have also recently bought and sold shares of FI. Catalina Capital Group LLC lifted its holdings in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after acquiring an additional 50 shares during the period. Waypoint Capital Advisors LLC increased its position in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after buying an additional 51 shares during the period. Finally, Optas LLC raised its position in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after buying an additional 54 shares in the last quarter. 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 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 completion of the transaction, the chief accounting officer now directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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 firm’s 50 day moving average price is $208.72 and its 200 day moving average price is $191.43. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The firm has a market cap of $123.22 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

About Fiserv

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.