Caliber Wealth Management LLC KS Invests $2.12 Million in Fiserv, Inc. (NYSE:FI)

Key Points

• Caliber Wealth Management LLC KS acquired 9,613 shares of Fiserv, Inc. valued at approximately $2.12 million in the first quarter.
• Several institutional investors, including Westover Capital Advisors and Assetmark Inc., increased their holdings in Fiserv during the same period.
• Fiserv has seen a reduction in target prices from multiple analysts, with the average rating now categorized as a "Moderate Buy".

Caliber Wealth Management LLC KS acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,613 shares of the business services provider's stock, valued at approximately $2,123,000.

A number of other institutional investors also recently modified their holdings of FI. Kestra Private Wealth Services LLC raised its stake in shares of Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares in the last quarter. American National Bank & Trust grew its holdings in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after buying an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC bought a new position in shares of Fiserv during the 4th quarter worth $54,981,000. Meridian Wealth Advisors LLC lifted its holdings in Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fiserv during the 4th quarter valued at about $1,406,452,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.6%

FI stock traded down $2.23 during midday trading on Monday, reaching $139.80. The company's stock had a trading volume of 5,598,242 shares, compared to its average volume of 4,414,750. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day simple moving average of $165.03 and a two-hundred day simple moving average of $194.80. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm has a market capitalization of $77.51 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.92 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the company earned $2.13 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FI shares. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Tigress Financial upped their price objective on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Mizuho set a $200.00 price target on Fiserv in a report on Thursday, May 15th. Citigroup lowered their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $208.42.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

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.