JFS Wealth Advisors LLC Has $361,000 Stake in Fiserv, Inc. $FI

JFS Wealth Advisors LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 54.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,092 shares of the business services provider’s stock after buying an additional 737 shares during the period. JFS Wealth Advisors LLC’s holdings in Fiserv were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC bought a new position in shares of Fiserv during the first quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $122.85 on Friday. Fiserv, Inc. has a one year low of $122.62 and a one year high of $238.59. The stock’s fifty day moving average price is $133.18 and its two-hundred day moving average price is $161.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $66.78 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $4.32 billion for the quarter. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research note on Wednesday. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. UBS Group lowered their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Finally, Jefferies Financial Group lowered their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.46.

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.