Insider Selling: Fiserv, Inc. (NYSE:FI) COO Sells $3,959,280.00 in Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, July 15th, Guy Chiarello sold 24,000 shares of Fiserv stock. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00.
• On Monday, June 17th, Guy Chiarello sold 24,000 shares of Fiserv stock. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00.

Fiserv Price Performance

Shares of Fiserv stock opened at $167.32 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $167.43. The firm has a fifty day moving average price of $154.72 and a two-hundred day moving average price of $152.27. The company has a market cap of $97.90 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the firm earned $1.81 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FI shares. Robert W. Baird increased their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. UBS Group increased their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. TD Cowen increased their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. KeyCorp increased their target price on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Mizuho increased their target price on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

Institutional Trading of Fiserv

A number of hedge funds have recently bought and sold shares of the stock. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter worth about $25,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter worth about $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the 4th quarter worth about $27,000. Private Wealth Management Group LLC bought a new position in shares of Fiserv during the 4th quarter worth about $30,000. Finally, Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter worth about $31,000. 90.98% of the stock is owned by 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.