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

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fiserv Price Performance

Shares of NYSE:FI traded down $1.71 during trading on Thursday, hitting $234.63. 3,688,312 shares of the company were exchanged, compared to its average volume of 2,738,570. 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 company has a market capitalization of $133.48 billion, a P/E ratio of 43.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.00. The business’s 50 day moving average is $212.66 and its 200-day moving average is $197.48.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently added to or reduced their stakes in the business. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $29,000. Valley National Advisers Inc. purchased a new stake in Fiserv during the fourth quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the 4th quarter valued at approximately $31,000. Finally, Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at about $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on FI. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Two research 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 MarketBeat.com, Fiserv currently has an average rating of “Buy” and an average price target of $239.83.

About Fiserv

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.