Fiserv Inc. (FISV) Insider Sells $1,205,520.00 in Stock
Fiserv Inc. (NASDAQ:FISV) insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $100.46, for a total transaction of $1,205,520.00. Following the transaction, the insider now owns 323,994 shares of the company’s stock, valued at approximately $32,548,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fiserv Inc. (NASDAQ:FISV) opened at 102.33 on Friday. The company has a market cap of $22.49 billion, a PE ratio of 25.98 and a beta of 0.95. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51. The stock has a 50 day moving average of $102.45 and a 200 day moving average of $103.49.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in FISV. Credit Agricole S A increased its position in Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock valued at $91,946,000 after buying an additional 733,391 shares during the last quarter. Franklin Resources Inc. increased its position in Fiserv by 151.9% in the second quarter. Franklin Resources Inc. now owns 875,458 shares of the company’s stock valued at $95,172,000 after buying an additional 527,935 shares during the last quarter. BlackRock Fund Advisors increased its position in Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock valued at $540,589,000 after buying an additional 360,025 shares during the last quarter. Bank of Montreal Can acquired a new position in Fiserv during the second quarter valued at $36,230,000. Finally, FMR LLC increased its position in Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock valued at $1,121,188,000 after buying an additional 295,107 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.
A number of brokerages have recently issued reports on FISV. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, September 8th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $112.00 price target on shares of Fiserv in a report on Wednesday, August 3rd. Deutsche Bank AG increased their price target on shares of Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Finally, Barclays PLC increased their price target on shares of Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and a consensus price target of $104.00.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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