Guy Chiarello Sells 23,929 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 20th, Guy Chiarello sold 63,646 shares of Fiserv stock. The stock was sold at an average price of $154.00, for a total value 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 Trading Up 0.5 %

FI opened at $147.13 on Thursday. The company has a market cap of $86.62 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth 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. The firm has a 50 day simple moving average of $151.65 and a 200 day simple moving average of $136.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FI shares. Barclays upped their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Stephens lifted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Monday, January 8th. BMO Capital Markets lifted their price objective on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Tigress Financial raised 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 equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Institutional Investors Weigh In On Fiserv

Several large investors have recently made changes to their positions in the stock. Comerica Bank bought a new stake in Fiserv in the 2nd quarter valued at approximately $200,000. West Oak Capital LLC acquired a new stake in Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, GW&K Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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.