Insider Selling: Fiserv, Inc. (NYSE:FI) COO Sells $3,632,182.91 in Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Guy Chiarello also recently made the following trade(s):

• On Wednesday, March 20th, Guy Chiarello sold 63,646 shares of Fiserv stock. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00.
• On Friday, March 15th, Guy Chiarello sold 24,000 shares of Fiserv stock. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00.

Fiserv Stock Up 1.2 %

FI stock opened at $148.63 on Friday. The stock has a market capitalization of $87.51 billion, a P/E ratio of 29.73, a PEG ratio of 1.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a 50 day moving average price of $151.81 and a two-hundred day moving average price of $136.35.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company earned $1.91 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Robert W. Baird lifted their price target on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Mizuho reiterated a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $158.21.

Institutional Trading of Fiserv

Institutional investors have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in shares of Fiserv during the 2nd quarter valued at $200,000. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.