Calamos Advisors LLC Sells 94,155 Shares of Fiserv, Inc. $FISV

Calamos Advisors LLC lessened its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 44.3% during the 3rd quarter, Holdings Channel reports. The firm owned 118,484 shares of the business services provider’s stock after selling 94,155 shares during the period. Calamos Advisors LLC’s holdings in Fiserv were worth $15,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FISV. Sound Income Strategies LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $28,000. Hager Investment Management Services LLC purchased a new position in Fiserv during the second quarter valued at $34,000. Clear Street LLC bought a new stake in Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc lifted its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a report on Thursday, October 30th. Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. BNP Paribas Exane reissued a “neutral” rating and issued a $62.00 target price on shares of Fiserv in a report on Wednesday, November 5th. Finally, TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $119.58.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.4%

NASDAQ FISV opened at $67.54 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.59 and a beta of 0.80. The company has a fifty day moving average of $71.07 and a two-hundred day moving average of $117.92.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

About Fiserv

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.