Fiserv, Inc. (NYSE:FI) COO Guy Chiarello Sells 24,000 Shares

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 stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Fiserv Stock Up 1.1 %

Shares of FI stock traded up $1.74 during mid-day trading on Thursday, hitting $165.77. The stock had a trading volume of 1,902,782 shares, compared to its average volume of 2,508,751. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $165.98. The firm has a market capitalization of $96.99 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The firm’s 50-day moving average is $154.40 and its two-hundred day moving average is $152.05. 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 (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. On average, analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. Wells Fargo & Company upped their target price on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Keefe, Bruyette & Woods upped their target price on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. TD Cowen increased their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, KeyCorp increased their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.29.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter worth about $25,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $27,000. Private Wealth Management Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $30,000. Finally, Family Firm Inc. purchased a new stake in shares of Fiserv in the second quarter worth about $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.