Calamos Wealth Management LLC Invests $438,000 in Fiserv, Inc. (NYSE:FI)

Calamos Wealth Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,130 shares of the business services provider’s stock, valued at approximately $438,000.

Other hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC raised its stake in shares of Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC lifted its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after buying an additional 51 shares in the last quarter. Finally, Optas LLC increased its stake in shares of Fiserv by 1.7% during the third 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 during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. Morgan Stanley upped their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Price Performance

Shares of NYSE FI opened at $214.21 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $208.61 and its 200-day simple moving average is $191.84. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock has a market capitalization of $121.87 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 1.42 and a beta of 0.94.

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.