Traders Purchase Large Volume of Fiserv Call Options (FISV)
Fiserv Inc (NASDAQ:FISV) was the target of some unusual options trading activity on Monday. Traders purchased 1,788 call options on the company. This represents an increase of 654% compared to the average volume of 237 call options.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the transaction, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock worth $6,605,353 over the last quarter. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. increased its position in shares of Fiserv by 15.1% during the 4th quarter. Suntrust Banks Inc. now owns 10,918 shares of the business services provider’s stock worth $1,430,000 after purchasing an additional 1,436 shares in the last quarter. Timber Hill LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $985,000. Citizens Financial Group Inc RI increased its position in shares of Fiserv by 1.6% during the 4th quarter. Citizens Financial Group Inc RI now owns 69,572 shares of the business services provider’s stock worth $9,124,000 after purchasing an additional 1,115 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Fiserv by 3.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 67,957 shares of the business services provider’s stock worth $8,911,000 after purchasing an additional 1,984 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Fiserv by 5.6% during the 4th quarter. American International Group Inc. now owns 104,863 shares of the business services provider’s stock worth $13,751,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 46.18%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. research analysts anticipate that Fiserv will post 5.74 earnings per share for the current fiscal year.
A number of analysts have weighed in on FISV shares. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup increased their price target on shares of Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday. Cowen reissued a “hold” rating and issued a $135.00 price target on shares of Fiserv in a report on Thursday. Finally, SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $139.86.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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