Insider Selling: Fiserv, Inc. (NYSE:FI) Director Sells $8,078,800.00 in Stock

Fiserv, Inc. (NYSE:FI) Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Fiserv Stock Performance

Fiserv stock opened at $199.52 on Friday. Fiserv, Inc. has a fifty-two week low of $111.53 and a fifty-two week high of $204.50. The company has a market capitalization of $114.87 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 1.53 and a beta of 0.93. The stock has a fifty day moving average of $180.68 and a two-hundred day moving average of $162.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Stephens boosted their price target on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Oppenheimer initiated coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Finally, B. Riley raised their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $204.38.

Institutional Trading of Fiserv

A number of hedge funds have recently bought and sold shares of FI. Wellington Management Group LLP purchased a new stake in Fiserv in the 4th quarter valued at about $3,292,000. Dynamic Advisor Solutions LLC grew its holdings in Fiserv by 5.1% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after purchasing an additional 413 shares during the period. Brookstone Capital Management increased its position in Fiserv by 313.1% during the first quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after purchasing an additional 20,282 shares during the last quarter. Aspiriant LLC purchased a new position in Fiserv during the first quarter worth approximately $238,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Fiserv in the 1st quarter valued at $254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.