Campbell Capital Management Inc. Makes New $37,000 Investment in Fiserv, Inc. (NYSE:FI)

Campbell Capital Management Inc. purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 180 shares of the business services provider’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FI. HMV Wealth Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $869,000. Midwest Professional Planners LTD. increased its stake in shares of Fiserv by 3.8% during the fourth quarter. Midwest Professional Planners LTD. now owns 12,579 shares of the business services provider’s stock worth $2,584,000 after buying an additional 458 shares during the period. Renasant Bank increased its stake in shares of Fiserv by 18.1% during the fourth quarter. Renasant Bank now owns 4,664 shares of the business services provider’s stock worth $958,000 after buying an additional 716 shares during the period. Atala Financial Inc purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $62,000. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $134,710,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE FI opened at $214.91 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a fifty day moving average price of $218.96 and a 200 day moving average price of $204.40. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a market cap of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Citigroup increased their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays increased their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $239.83.

Fiserv 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.