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

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction 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 Stock Performance

NYSE:FI opened at $147.13 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $151.65 and its 200-day simple moving average is $136.03. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a market cap of $86.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during 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%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. Analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Large investors have recently added to or reduced their stakes in the business. Comerica Bank purchased a new stake in shares of Fiserv in the second quarter valued at about $200,000. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth $27,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Fiserv in the fourth quarter worth $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley upped their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Robert W. Baird raised their price objective on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Mizuho restated a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a research note on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $158.21.

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.