Fiserv Inc (NASDAQ:FISV) Chairman Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the sale, the chairman now directly owns 291,429 shares in the company, valued at approximately $31,314,046.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FISV stock traded up $0.60 during trading hours on Thursday, reaching $108.16. 1,623,784 shares of the company were exchanged, compared to its average volume of 4,945,128. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $108.57. The stock’s fifty day moving average is $100.37 and its two-hundred day moving average is $90.27. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 2.44 and a beta of 0.80. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97.
Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Fiserv’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Fiserv Inc will post 3.68 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Wedbush upped their target price on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Co initiated coverage on shares of Fiserv in a research note on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price objective on the stock. Susquehanna Bancshares initiated coverage on shares of Fiserv in a research note on Friday, May 31st. They set a “neutral” rating and a $95.00 price objective on the stock. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Northcoast Research raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price objective on the stock in a research note on Wednesday, June 26th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Buy” and a consensus target price of $97.88.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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