Brown Advisory Inc. Sells 11,126 Shares of Fiserv, Inc. (NYSE:FI)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Norges Bank acquired a new position in shares of Fiserv in the fourth quarter worth about $1,406,452,000. GAMMA Investing LLC boosted its stake in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC grew its position in Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after purchasing an additional 2,174,025 shares in the last quarter. Alliancebernstein L.P. raised its stake in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares during the period. Finally, FMR LLC lifted its holdings in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FI shares. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Truist Financial started coverage on Fiserv in a report on Monday, June 2nd. They issued a "buy" rating and a $181.00 price target for the company. Jefferies Financial Group cut their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Stock Performance

Shares of FI stock traded down $4.49 during trading on Friday, reaching $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,393,552. Fiserv, Inc. has a twelve month low of $151.59 and a twelve month high of $238.59. The firm's fifty day moving average price is $169.52 and its 200-day moving average price is $198.27. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $91.60 billion, a PE ratio of 29.19, a PEG ratio of 1.04 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 earnings per share. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction 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 sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

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.