Fiserv, Inc. (NASDAQ:FISV – Get Rating) COO Guy Chiarello sold 1,063 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $105.03, for a total value of $111,646.89. Following the completion of the transaction, the chief operating officer now directly owns 201,623 shares of the company’s stock, valued at $21,176,463.69. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Guy Chiarello also recently made the following trade(s):
- On Wednesday, January 18th, Guy Chiarello sold 2,937 shares of Fiserv stock. The stock was sold at an average price of $105.03, for a total value of $308,473.11.
- On Tuesday, November 1st, Guy Chiarello sold 4,550 shares of Fiserv stock. The stock was sold at an average price of $103.30, for a total value of $470,015.00.
Fiserv Trading Down 1.7 %
Shares of FISV opened at $103.71 on Wednesday. The stock’s 50-day moving average is $101.51 and its two-hundred day moving average is $101.23. The stock has a market cap of $65.86 billion, a PE ratio of 32.51, a P/E/G ratio of 1.12 and a beta of 0.87. Fiserv, Inc. has a 12 month low of $87.03 and a 12 month high of $110.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.06 and a quick ratio of 1.06.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Welch & Forbes LLC lifted its stake in shares of Fiserv by 0.9% during the second quarter. Welch & Forbes LLC now owns 927,372 shares of the business services provider’s stock worth $82,509,000 after purchasing an additional 8,383 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Fiserv during the third quarter worth about $202,000. Hartford Investment Management Co. increased its position in shares of Fiserv by 10.0% during the third quarter. Hartford Investment Management Co. now owns 64,479 shares of the business services provider’s stock worth $6,033,000 after acquiring an additional 5,847 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Fiserv by 43.3% during the third quarter. Fifth Third Bancorp now owns 156,728 shares of the business services provider’s stock worth $14,665,000 after acquiring an additional 47,365 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Fiserv by 10.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,839 shares of the business services provider’s stock worth $173,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on FISV shares. Credit Suisse Group dropped their price target on Fiserv from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Wells Fargo & Company downgraded Fiserv from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $106.00 to $101.00 in a research report on Monday, January 9th. Moffett Nathanson decreased their price objective on Fiserv to $140.00 in a report on Tuesday, November 1st. The Goldman Sachs Group decreased their price objective on Fiserv from $123.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, January 9th. Finally, Morgan Stanley raised their price objective on Fiserv from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $120.70.
Fiserv Company Profile
Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.
- Get a free copy of the StockNews.com research report on Fiserv (FISV)
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