J.W. Cole Advisors Inc. Has $606,000 Stock Position in Fiserv, Inc. (NYSE:FI)

J.W. Cole Advisors Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,950 shares of the business services provider’s stock after purchasing an additional 264 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Fiserv were worth $606,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc bought a new position in Fiserv in the 4th quarter worth $31,000. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter worth $40,000. Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter worth $44,000. Finally, Friedenthal Financial bought a new position in Fiserv in the 4th quarter worth $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FI shares. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. KeyCorp lifted their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna lifted their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $239.83.

Fiserv Price Performance

NYSE:FI opened at $236.13 on Thursday. The firm has a market cap of $134.34 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.13. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $212.66 and its two-hundred day moving average price is $197.48.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.