Guyasuta Investment Advisors Inc. Purchases 7,577 Shares of Fiserv, Inc. $FI

Key Points

• Guyasuta Investment Advisors Inc. increased its stake in Fiserv, Inc. by 5.1%, purchasing an additional 7,577 shares to reach a total of 155,818 shares valued at approximately $26.87 million.
• Major investors like Vanguard Group and JPMorgan Chase have also escalated their positions in Fiserv, indicating strong institutional interest as 90.98% of the company's stock is now owned by institutional investors.
• Fiserv's recent quarterly earnings surpassed analyst expectations with an EPS of $2.47, while the average price target set by analysts for the stock stands at $207.36, reflecting a "Moderate Buy" consensus rating.

Guyasuta Investment Advisors Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,818 shares of the business services provider's stock after buying an additional 7,577 shares during the period. Fiserv makes up 1.6% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 18th biggest position. Guyasuta Investment Advisors Inc.'s holdings in Fiserv were worth $26,865,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC bought a new position in shares of Fiserv in the first quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in shares of Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the period. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FI shares. KeyCorp decreased their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Barclays set a $175.00 target price on Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Performance

Fiserv stock opened at $129.55 on Friday. Fiserv, Inc. has a 12-month low of $128.08 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business's 50-day moving average price is $136.95 and its two-hundred day moving average price is $168.36. The stock has a market cap of $70.42 billion, a PE ratio of 21.63, a P/E/G ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period last year, the firm posted $2.13 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share 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.

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