Brighton Jones LLC Invests $324,000 in Fiserv, Inc. (NYSE:FI)

Brighton Jones LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,437 shares of the business services provider’s stock, valued at approximately $324,000.

Several other institutional investors have also bought and sold shares of the stock. Hollencrest Capital Management grew its holdings in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the fourth quarter worth about $27,000. Fortitude Family Office LLC bought a new stake in Fiserv in the fourth quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Fiserv during the 4th quarter valued at approximately $31,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FI shares. Truist Financial upped their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Susquehanna lifted their price objective 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, Stephens reaffirmed an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Performance

NYSE FI opened at $149.22 on Friday. The company has a market capitalization of $87.31 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a fifty day moving average of $152.77 and a 200-day moving average of $138.79.

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

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv 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.