Brighton Jones LLC Has $872,000 Stake in Fiserv, Inc. (NYSE:FI)

Brighton Jones LLC raised its position in shares of Fiserv, Inc. (NYSE:FI) by 91.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,245 shares of the business services provider’s stock after purchasing an additional 2,033 shares during the quarter. Brighton Jones LLC’s holdings in Fiserv were worth $872,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Clean Yield Group lifted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 1.2 %

FI stock opened at $208.90 on Friday. The business’s 50-day simple moving average is $209.02 and its 200 day simple moving average is $188.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $118.85 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FI. JPMorgan Chase & Co. raised their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Mizuho upped their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.