Guyasuta Investment Advisors Inc. Raises Position in Fiserv, Inc. $FISV

Guyasuta Investment Advisors Inc. lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,464 shares of the business services provider’s stock after buying an additional 14,646 shares during the period. Fiserv comprises 1.3% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 24th largest holding. Guyasuta Investment Advisors Inc.’s holdings in Fiserv were worth $21,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. SageView Advisory Group LLC boosted its stake in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 62 shares during the last quarter. Abacus Wealth Partners LLC lifted its holdings in shares of Fiserv by 1.6% during the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 72 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Fiserv by 2.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after buying an additional 77 shares during the last quarter. Central Bank & Trust Co. boosted its position in shares of Fiserv by 1.9% during the second quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock valued at $715,000 after buying an additional 78 shares during the last quarter. Finally, Quadcap Wealth Management LLC increased its holdings in Fiserv by 2.1% in the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after buying an additional 79 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by company insiders.

Fiserv Stock Down 0.5%

FISV opened at $67.17 on Friday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The firm’s 50 day simple moving average is $68.77 and its two-hundred day simple moving average is $117.21. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $36.51 billion, a PE ratio of 10.38, a PEG ratio of 2.59 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FISV. BNP Paribas cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Wednesday, November 5th. B. Riley cut shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Susquehanna restated a “positive” rating and set a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Citigroup decreased their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average target price of $114.42.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.