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

Calamos Advisors LLC cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,484 shares of the business services provider’s stock after selling 94,155 shares during the quarter. Calamos Advisors LLC’s holdings in Fiserv were worth $15,276,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Fiserv during the 2nd quarter valued at about $1,252,260,000. Marshall Wace LLP purchased a new stake in shares of Fiserv during the second quarter valued at approximately $356,643,000. Assenagon Asset Management S.A. increased its position in shares of Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after acquiring an additional 1,842,784 shares in the last quarter. Swedbank AB raised its holdings in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after acquiring an additional 1,247,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after acquiring an additional 948,634 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $67.54 on Wednesday. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $71.07 and a 200 day moving average of $117.92.

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

Wall Street Analyst Weigh In

A number of analysts have commented on FISV shares. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. BNP Paribas downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research note on Thursday, October 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research report on Monday. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $119.58.

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.