Fiserv, Inc. (NYSE:FI) COO Guy Chiarello Sells 45,000 Shares of Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Fiserv Price Performance

Shares of Fiserv stock opened at $234.63 on Friday. The firm has a market cap of $133.48 billion, a PE ratio of 43.53, a P/E/G ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.00. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $213.26 and a 200 day moving average price of $197.74.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna upped their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Buy” and a consensus price target of $239.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new stake in shares of Fiserv in the fourth quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Finally, Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.