Brown Advisory Inc. Has $189 Million Holdings in Fiserv, Inc. (NYSE:FI)

Brown Advisory Inc. lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 920,073 shares of the business services provider's stock after selling 113,538 shares during the period. Brown Advisory Inc. owned about 0.16% of Fiserv worth $189,001,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its position in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC raised its holdings in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after buying an additional 48 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of 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 worth $848,000 after buying an additional 50 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were 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 in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Trading Down 1.5 %

FI traded down $2.75 during trading on Wednesday, reaching $182.20. 3,483,124 shares of the company's stock were exchanged, compared to its average volume of 2,820,663. The company's fifty day moving average price is $209.22 and its 200-day moving average price is $211.46. The firm has a market capitalization of $101.02 billion, a PE ratio of 33.80, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Barclays dropped their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday, April 25th. KeyCorp raised their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets reduced their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.00.

Fiserv Company 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.