Fiserv, Inc. (NYSE:FI) Stock Position Reduced by Brown Advisory Inc.

Brown Advisory Inc. reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 908,947 shares of the business services provider's stock after selling 11,126 shares during the quarter. Brown Advisory Inc. owned about 0.16% of Fiserv worth $200,723,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FI. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Proficio Capital Partners LLC lifted its stake in Fiserv by 48.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after purchasing an additional 775 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Fiserv during the fourth quarter worth approximately $281,000. Edgestream Partners L.P. increased its position in Fiserv by 100.1% during the fourth quarter. Edgestream Partners L.P. now owns 6,087 shares of the business services provider's stock worth $1,250,000 after buying an additional 3,045 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Fiserv by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 149,671 shares of the business services provider's stock worth $30,745,000 after buying an additional 3,946 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.7%

Shares of FI stock traded down $1.12 during trading hours on Thursday, reaching $169.83. The company had a trading volume of 2,677,174 shares, compared to its average volume of 3,367,997. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The company has a market capitalization of $94.16 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The stock's fifty day simple moving average is $170.18 and its 200 day simple moving average is $198.83.

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

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated 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 approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FI. Susquehanna dropped their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets decreased their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada set a $237.00 price target on Fiserv in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $221.23.

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.