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

J.W. Cole Advisors Inc. lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,950 shares of the business services provider’s stock after buying an additional 264 shares during the period. J.W. Cole Advisors Inc.’s holdings in Fiserv were worth $606,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the fourth quarter worth approximately $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter worth approximately $40,000. Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the third quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new stake in shares of Fiserv during the fourth quarter worth approximately $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FI shares. Stephens boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer boosted their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Compass Point initiated coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Stock Performance

Shares of FI opened at $236.13 on Thursday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.13. The firm has a fifty day simple moving average of $212.66 and a 200 day simple moving average of $197.48. The stock has a market capitalization of $134.34 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company 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.