Calamos Wealth Management LLC Invests in Fiserv, Inc.

Calamos Wealth Management LLC recently disclosed its acquisition of a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter. The investment firm purchased 2,130 shares of the business services provider, which is valued at around $438,000.

In addition to Calamos, other hedge funds have also been adjusting their positions in Fiserv. For example, Catalina Capital Group LLC increased its stake by 2.3% in the fourth quarter, now owning 2,160 shares valued at $444,000 after acquiring an additional 48 shares. Mount Yale Investment Advisors LLC also raised its position by 1.2%, bringing its total holdings to 4,126 shares worth $848,000 after buying 50 more shares during the same period. Furthermore, Waypoint Capital Advisors LLC lifted its holdings in Fiserv by 1.7% in the third quarter, now possessing 3,118 shares valued at $560,000 after an additional purchase of 51 shares. Wealthcare Advisory Partners LLC expanded its position by 3.0% in the fourth quarter, owning 1,752 shares worth $360,000 following the acquisition of 51 shares. Finally, Optas LLC increased its stake by 1.7% in the third quarter, now holding 3,216 shares valued at $578,000 after buying 54 shares. Currently, approximately 90.98% of Fiserv’s stock is owned by institutional investors.

Insider Trading Activity

In related news, Kenneth Best, the Chief Accounting Officer (CAO) of Fiserv, sold 20,821 shares of the company's stock on November 12. The shares were sold at an average price of $214.61, totaling approximately $4.47 million. After completing the sale, Best now directly holds 38,771 shares in Fiserv, which are valued at $8.32 million. This transaction reflects a 34.94% decrease in their ownership. The details of the sale were disclosed in a filing with the Securities and Exchange Commission (SEC).

Analyst Ratings and Forecasts

A number of analysts have recently provided their forecasts for Fiserv. Morgan Stanley increased its price target from $220.00 to $258.00, giving the stock an "overweight" rating. KeyCorp also raised its price objective from $180.00 to $225.00, maintaining an "overweight" rating as well. Seaport Res Ptn upgraded the stock from a "hold" rating to a "strong-buy" rating. The Goldman Sachs Group lifted their target from $208.00 to $231.00 and assigned a "neutral" rating. Lastly, Jefferies Financial Group increased its price target from $195.00 to $200.00 while also maintaining a "hold" stance on the stock. Overall, among the analysts, three have rated Fiserv as a hold, twenty-two as a buy, and two as a strong buy. The consensus rating is categorized as "Moderate Buy," with an average target price of $224.00 according to MarketBeat data.

Fiserv's Stock Performance

Fiserv’s stock opened at $214.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07, and a quick ratio of 1.07. Its 50-day and 200-day simple moving averages stand at $208.61 and $191.84, respectively. Fiserv has recorded a 12-month low of $137.13 and a high of $223.23. The firm's market capitalization is approximately $121.87 billion, with a price-to-earnings ratio of 41.19 and a PEG ratio of 1.42.

About Fiserv

Fiserv, Inc., along with its subsidiaries, offers technology services related to payments and financial services throughout various global regions including the United States, Europe, and Asia-Pacific. Its operations are organized into several segments such as Merchant Acceptance, Financial Technology, and Payments and Networks.

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