Fiserv, Inc. (NYSE:FI) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its stake in Fiserv, Inc. by 8.3% in Q1, selling 2,331 shares, which left it with 25,830 shares valued at approximately $5.7 million.
• Multiple analysts have updated their price targets for Fiserv, with JPMorgan Chase & Co. cutting theirs from $210 to $190 while Citigroup lowered theirs from $267 to $240, reflecting varying assessments of the company's performance.
• Insider transactions included significant sales by executives, with EVP Andrew Gelb selling 5,652 shares and Adam L. Rosman selling 2,512 shares, indicating adjustments in their investment positions

Callan Family Office LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,830 shares of the business services provider's stock after selling 2,331 shares during the period. Callan Family Office LLC's holdings in Fiserv were worth $5,704,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in Fiserv by 5.1% during the 1st quarter. HighTower Advisors LLC now owns 77,562 shares of the business services provider's stock worth $17,128,000 after acquiring an additional 3,790 shares in the last quarter. Trajan Wealth LLC grew its holdings in Fiserv by 2.9% during the 1st quarter. Trajan Wealth LLC now owns 165,243 shares of the business services provider's stock worth $36,491,000 after acquiring an additional 4,596 shares in the last quarter. Trillium Asset Management LLC grew its holdings in Fiserv by 867.5% during the 1st quarter. Trillium Asset Management LLC now owns 12,142 shares of the business services provider's stock worth $2,681,000 after acquiring an additional 10,887 shares in the last quarter. Dillon & Associates Inc. grew its holdings in Fiserv by 6.9% during the 1st quarter. Dillon & Associates Inc. now owns 81,151 shares of the business services provider's stock worth $17,934,000 after acquiring an additional 5,256 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Fiserv by 1.2% during the 1st quarter. Public Sector Pension Investment Board now owns 580,780 shares of the business services provider's stock worth $128,254,000 after acquiring an additional 6,793 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on FI. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Citigroup decreased their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Barclays set a $175.00 price target on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target for the company. One equities research 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's stock. Based on data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Price Performance

Shares of FI stock traded up $0.22 during midday trading on Thursday, reaching $134.51. 4,158,267 shares of the company were exchanged, compared to its average volume of 4,477,062. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $73.12 billion, a P/E ratio of 22.46, a PEG ratio of 0.86 and a beta of 0.91. The company's 50 day moving average price is $158.20 and its two-hundred day moving average price is $188.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Fiserv Company 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.