Brown Advisory Inc. Has $200.72 Million Stake in Fiserv, Inc. (NYSE:FI)

Brown Advisory Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 908,947 shares of the business services provider's stock after selling 11,126 shares during the period. Brown Advisory Inc. owned about 0.16% of Fiserv worth $200,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FI. T. Rowe Price Investment Management Inc. boosted its stake 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 buying an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its stake in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC raised its stake in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. increased its position in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after buying an additional 56 shares during the period. Finally, PDS Planning Inc grew its holdings in shares of Fiserv by 1.7% during the 1st quarter. PDS Planning Inc now owns 3,421 shares of the business services provider's stock worth $755,000 after purchasing an additional 58 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on FI shares. Truist Financial started coverage on Fiserv in a research note on Monday, June 2nd. They issued a "buy" rating and a $181.00 price target on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. Tigress Financial increased their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Price Performance

Shares of FI stock traded up $0.75 on Wednesday, reaching $171.17. The company had a trading volume of 3,323,710 shares, compared to its average volume of 3,369,655. The stock has a market capitalization of $94.90 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a one year low of $146.46 and a one year high of $238.59. The business's 50-day moving average is $170.45 and its 200 day moving average is $199.02.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

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.