Brighton Jones LLC Acquires Shares of 2,437 Fiserv, Inc. (NYSE:FI)

Brighton Jones LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,437 shares of the business services provider’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mission Wealth Management LP bought a new stake in Fiserv during the fourth quarter worth about $2,695,000. Compass Capital Management Inc. bought a new stake in Fiserv during the 4th quarter worth approximately $55,846,000. Jackson Creek Investment Advisors LLC acquired a new stake in Fiserv during the 4th quarter valued at $231,000. Epic Trust Investment Advisors LLC bought a new position in Fiserv in the 4th quarter valued at $408,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Fiserv in the 4th quarter valued at $1,970,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE FI opened at $149.22 on Friday. The firm has a market cap of $87.31 billion, a PE ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. The company has a fifty day moving average price of $152.77 and a 200 day moving average price of $138.79. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business posted $1.58 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup raised their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BMO Capital Markets upped their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, UBS Group boosted their price objective on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

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.