Fiserv, Inc. (NYSE:FI) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,267 shares of the business services provider’s stock after acquiring an additional 318 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Fiserv were worth $338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new position in Fiserv in the fourth quarter valued at $5,885,279,000. Capital World Investors acquired a new position in Fiserv in the fourth quarter valued at $2,329,623,000. Veritas Asset Management LLP acquired a new position in Fiserv in the fourth quarter valued at $927,298,000. Parnassus Investments LLC acquired a new position in Fiserv in the fourth quarter valued at $900,674,000. Finally, Northern Trust Corp acquired a new position in Fiserv in the fourth quarter valued at $784,200,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 66,890 shares of company stock valued at $10,853,407 over the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.0 %

Shares of NYSE FI opened at $175.23 on Thursday. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $176.76. The company has a market capitalization of $102.53 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average is $165.19 and its two-hundred day moving average is $156.39.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FI. KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. B. Riley boosted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on shares of Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

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.