J.W. Cole Advisors Inc. Raises Holdings in Fiserv, Inc. (NYSE:FI)

J.W. Cole Advisors Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FIFree Report) by 21.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,949 shares of the business services provider’s stock after purchasing an additional 348 shares during the period. J.W. Cole Advisors Inc.’s holdings in Fiserv were worth $311,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in shares of Fiserv in the 3rd quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Fiserv in the 4th quarter worth $5,885,279,000. Capital World Investors purchased a new position in shares of Fiserv in the 4th quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Fiserv in the 4th quarter worth $960,592,000. Finally, Veritas Asset Management LLP purchased a new position in shares of Fiserv in the 4th quarter worth $927,298,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.2 %

FI opened at $150.51 on Friday. The firm has a market cap of $88.06 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.21 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month 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. The stock has a 50-day moving average of $150.39 and a 200 day moving average of $147.61.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (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 business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. KeyCorp raised their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Wells Fargo & Company began coverage on Fiserv in a research report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 target price on the stock. Stephens reiterated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. Finally, Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Get Our Latest Report on Fiserv

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock worth $7,611,991 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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