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

Guyasuta Investment Advisors Inc. cut its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,241 shares of the business services provider's stock after selling 3,162 shares during the quarter. Fiserv makes up about 2.1% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 16th largest position. Guyasuta Investment Advisors Inc.'s holdings in Fiserv were worth $32,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new position in Fiserv during the 4th quarter worth approximately $79,000. American National Bank & Trust grew its position in Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after acquiring an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new position in Fiserv during the 4th quarter worth approximately $54,981,000. Union Bancaire Privee UBP SA bought a new position in Fiserv during the 4th quarter worth approximately $11,330,000. Finally, Fairfield Financial Advisors LTD bought a new position in Fiserv during the 4th quarter worth approximately $127,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 4.4%

NYSE FI traded up $7.24 during trading hours on Monday, hitting $170.62. 7,137,073 shares of the company were exchanged, compared to its average volume of 3,305,232. The stock has a 50-day moving average price of $177.23 and a 200 day moving average price of $201.62. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The stock has a market cap of $94.60 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FI. Robert W. Baird reduced their price target on Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Barclays reduced their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group reduced their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

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.