Brown Lisle Cummings Inc. Has $4.55 Million Stake in Fiserv, Inc. (NYSE:FI)

Brown Lisle Cummings Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,151 shares of the business services provider’s stock after selling 999 shares during the period. Fiserv comprises about 1.4% of Brown Lisle Cummings Inc.’s investment portfolio, making the stock its 15th largest holding. Brown Lisle Cummings Inc.’s holdings in Fiserv were worth $4,550,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Centaurus Financial Inc. boosted its position in Fiserv by 19.4% during the second quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 314 shares during the last quarter. Czech National Bank raised its stake in shares of Fiserv by 5.2% during the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock worth $21,070,000 after purchasing an additional 5,784 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Fiserv by 19.4% in the 3rd quarter. GAMMA Investing LLC now owns 14,547 shares of the business services provider’s stock valued at $2,613,000 after buying an additional 2,360 shares during the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Fiserv in the third quarter valued at $400,000. Finally, Diversified Trust Co increased its holdings in Fiserv by 2.7% during the third quarter. Diversified Trust Co now owns 61,972 shares of the business services provider’s stock worth $11,133,000 after buying an additional 1,642 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. BMO Capital Markets lifted their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their target price on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Up 0.3 %

NYSE FI opened at $216.59 on Tuesday. The business has a fifty day moving average price of $208.72 and a two-hundred day moving average price of $191.43. The stock has a market capitalization of $123.22 billion, a PE ratio of 41.65, a PEG ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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.