Fiserv, Inc. (NASDAQ:FISV) COO Sells $111,646.89 in Stock

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.

Fiserv (NASDAQ:FISV – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The business services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.27 billion. Fiserv had a return on equity of 12.74% and a net margin of 11.98%. Equities analysts forecast that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

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

(Get Rating)

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.