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 business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

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

Fiserv Stock Up 0.9 %

FI traded up $1.37 on Wednesday, reaching $147.77. The company’s stock had a trading volume of 1,420,176 shares, compared to its average volume of 2,498,360. The stock has a 50 day moving average of $151.56 and a two-hundred day moving average of $135.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $87.00 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Several large investors have recently modified their holdings of FI. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the third quarter valued at approximately $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $5,885,279,000. Dodge & Cox acquired a new stake in shares of Fiserv during the fourth quarter worth $4,631,675,000. Capital World Investors acquired a new stake in shares of Fiserv during the fourth quarter worth $2,329,623,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Fiserv during the fourth quarter worth $960,592,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. Royal Bank of Canada boosted their price objective on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Stephens boosted their price target on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com started coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, Tigress Financial boosted their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.21.

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.