Guyasuta Investment Advisors Inc. Lowers Stake in Fiserv, Inc. (NYSE:FI)

Guyasuta Investment Advisors Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,194 shares of the business services provider’s stock after selling 675 shares during the quarter. Fiserv accounts for 1.6% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Fiserv were worth $24,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Vanguard Group Inc. grew its holdings in Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Fiserv in the 4th quarter worth $5,885,279,000. Capital World Investors bought a new stake in Fiserv in the 4th quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA bought a new stake in Fiserv in the 4th quarter worth $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in Fiserv in the 4th quarter worth $927,298,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI traded down $0.04 during mid-day trading on Friday, reaching $149.04. The stock had a trading volume of 3,925,738 shares, compared to its average volume of 2,514,187. The firm has a market cap of $87.20 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.21 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The business has a fifty day moving average of $150.81 and a 200 day moving average of $147.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Fiserv in a research note on Wednesday, June 12th. They set an “overweight” rating and a $180.00 target price on the stock. Citigroup lifted their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group lifted their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

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.