Sen. John Boozman Sells Fiserv, Inc. (NYSE:FI) Shares

Senator John Boozman (R-Arkansas) recently sold shares of Fiserv, Inc. (NYSE:FI). In a filing disclosed on October 18th, the Senator disclosed that they had sold between $1,001 and $15,000 in Fiserv stock on September 26th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) on 10/9/2024.
• Sold $1,001 – $15,000 in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) on 10/6/2024.
• Sold $1,001 – $15,000 in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) on 9/9/2024.
• Sold $1,001 – $15,000 in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) on 9/9/2024.
• Sold $1,001 – $15,000 in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) on 9/9/2024.
• Purchased $1,001 – $15,000 in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) on 9/6/2024.
• Purchased $1,001 – $15,000 in shares of iShares Agency Bond ETF (NYSEARCA:AGZ) on 9/6/2024.
• Purchased $1,001 – $15,000 in shares of Janus Henderson Mortgage-Backed Securities ETF (NYSEARCA:JMBS) on 9/6/2024.
• Purchased $1,001 – $15,000 in shares of iShares CMBS ETF (NYSEARCA:CMBS) on 9/6/2024.
• Purchased $1,001 – $15,000 in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) on 9/6/2024.

Fiserv Stock Up 1.3 %

NYSE:FI traded up $2.69 on Wednesday, hitting $202.36. The stock had a trading volume of 3,577,138 shares, compared to its average volume of 2,484,786. The company has a market cap of $118.40 billion, a PE ratio of 37.76, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $203.00. The business’s fifty day moving average is $178.52 and its 200 day moving average is $161.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm posted $1.96 EPS. Fiserv’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Institutional Trading of Fiserv

Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after acquiring an additional 1,306,901 shares in the last quarter. Capital World Investors increased its stake in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv during the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC purchased a new position in Fiserv during the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. boosted its holdings in Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares during the period. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective on the stock. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday. Four investment 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 stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $199.92.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 over the last 90 days. Company insiders own 0.75% of the company’s stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.