Calamos Advisors LLC Acquires 18,925 Shares of Fiserv, Inc. (NYSE:FI)

Calamos Advisors LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,520 shares of the business services provider's stock after acquiring an additional 18,925 shares during the period. Calamos Advisors LLC's holdings in Fiserv were worth $46,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust raised its stake in Fiserv by 2.4% in 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 purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $54,981,000. Fairfield Financial Advisors LTD bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $127,000. M&T Bank Corp grew its stake in Fiserv by 0.9% in the fourth quarter. M&T Bank Corp now owns 141,654 shares of the business services provider's stock worth $29,099,000 after purchasing an additional 1,194 shares during the period. Finally, Norges Bank bought a new position in Fiserv in the fourth quarter worth $1,406,452,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

FI stock traded up $3.10 during trading on Friday, reaching $175.55. The stock had a trading volume of 2,211,394 shares, compared to its average volume of 3,352,892. The stock's 50 day moving average is $170.87 and its two-hundred day moving average is $199.68. The firm has a market cap of $97.33 billion, a PE ratio of 31.02, a PEG ratio of 1.08 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $1.88 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FI has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Barclays dropped their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Finally, UBS Group dropped their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $221.23.

Insider Activity at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. The trade was 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 company insiders.

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.