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

J.W. Cole Advisors Inc. boosted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 114.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,320 shares of the business services provider's stock after buying an additional 3,370 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Fiserv were worth $1,396,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FI. Kestra Private Wealth Services LLC grew its holdings in shares of Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust grew its holdings in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $54,981,000. Norges Bank purchased a new position in shares of Fiserv during the fourth quarter worth about $1,406,452,000. Finally, Beck Mack & Oliver LLC boosted its stake in shares of Fiserv by 0.5% during the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after buying an additional 2,589 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI stock traded up $1.92 during midday trading on Friday, reaching $142.00. 7,781,444 shares of the company traded hands, compared to its average volume of 5,455,337. The firm's 50 day simple moving average is $165.03 and its two-hundred day simple moving average is $194.87. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.10. The firm has a market cap of $78.73 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm earned $2.13 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FI. Tigress Financial increased their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Stephens decreased their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 target price for the company. Finally, Susquehanna decreased their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.54.

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.