J.W. Cole Advisors Inc. Buys Shares of 1,601 Fiserv, Inc. (NYSE:FI)

J.W. Cole Advisors Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,601 shares of the business services provider’s stock, valued at approximately $213,000.

Several other institutional investors also recently bought and sold shares of FI. Vanguard Group Inc. grew its position in shares of Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after buying an additional 789,232 shares in the last quarter. Northern Trust Corp grew its position in shares of Fiserv by 2.7% during the third quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after buying an additional 168,286 shares in the last quarter. Invesco Ltd. grew its position in shares of Fiserv by 5.2% during the third quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock worth $588,252,000 after buying an additional 258,036 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Fiserv by 1.8% during the third quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock worth $377,357,000 after buying an additional 60,176 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Fiserv during the fourth quarter worth about $351,525,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $153.29 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The business has a 50 day simple moving average of $152.39 and a 200-day simple moving average of $137.45. The stock has a market capitalization of $90.25 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The business 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FI shares. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research report on Thursday, January 11th. Robert W. Baird upped their price target on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group upped their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. TD Cowen upped their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley upped their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

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.