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 stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly 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 is accessible through this link.

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

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

Fiserv Stock Down 0.1 %

Fiserv stock opened at $146.91 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The stock has a market capitalization of $86.49 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The business has a 50 day simple moving average of $151.72 and a 200-day simple moving average of $136.10.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm 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 business earned $1.91 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Institutional Trading of Fiserv

Large investors have recently made changes to their positions in the company. Comerica Bank acquired a new position in shares of Fiserv in the 2nd quarter valued at $200,000. West Oak Capital LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Monday, January 8th. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. BMO Capital Markets lifted their price target on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, B. Riley lifted their price target on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

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.