152,869 Shares in Fiserv, Inc. (NYSE:FI) Bought by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 152,869 shares of the business services provider’s stock, valued at approximately $20,307,000. Fiserv makes up about 1.5% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the third quarter valued at about $5,705,241,000. California Public Employees Retirement System acquired a new position in shares of Fiserv during the fourth quarter worth about $423,780,000. Pittenger & Anderson Inc. acquired a new position in shares of Fiserv during the fourth quarter worth about $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Fiserv during the fourth quarter worth about $422,884,000. Finally, Nordea Investment Management AB acquired a new position in shares of Fiserv during the fourth quarter worth about $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research note on Thursday, January 11th. Stephens reissued an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Performance

NYSE:FI traded down $1.34 during mid-day trading on Monday, hitting $154.55. The stock had a trading volume of 723,379 shares, compared to its average volume of 2,542,878. The stock has a market capitalization of $90.43 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a 50 day simple moving average of $152.54 and a 200-day simple moving average of $138.07. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

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

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

About Fiserv

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.