Guardian Wealth Advisors LLC NC Boosts Position in Fiserv, Inc. (NYSE:FI)

Guardian Wealth Advisors LLC NC boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 114.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,005 shares of the business services provider's stock after purchasing an additional 1,607 shares during the period. Guardian Wealth Advisors LLC NC's holdings in Fiserv were worth $617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its stake in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC grew its holdings in Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after purchasing an additional 48 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its position in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.5 %

FI stock opened at $184.09 on Friday. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The firm's 50-day moving average is $206.23 and its 200 day moving average is $211.10. The company has a market capitalization of $102.07 billion, a PE ratio of 34.15, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a share repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FI shares. Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Redburn Atlantic restated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Morgan Stanley reissued an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Finally, Citigroup cut their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $230.00.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% 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.

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