Fiserv Inc. (FISV) Insider Sells $1,538,029.50 in Stock
Fiserv Inc. (NASDAQ:FISV) insider Rahul Gupta sold 15,225 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Fiserv Inc. (NASDAQ:FISV) opened at 99.21 on Monday. The company’s 50-day moving average price is $104.34 and its 200-day moving average price is $103.44. Fiserv Inc. has a 12-month low of $84.48 and a 12-month high of $111.51. The firm has a market capitalization of $21.81 billion, a PE ratio of 25.19 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.36 billion for 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 business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. Analysts anticipate that Fiserv Inc. will post $4.44 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.0% in the second quarter. Vanguard Group Inc. now owns 20,141,535 shares of the company’s stock worth $2,189,989,000 after buying an additional 190,928 shares in the last quarter. FMR LLC boosted its stake in shares of Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock worth $1,121,188,000 after buying an additional 295,107 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,464,629 shares of the company’s stock worth $811,630,000 after buying an additional 201,948 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Fiserv by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,040,809 shares of the company’s stock worth $656,817,000 after buying an additional 180,325 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares in the last quarter. 87.31% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on FISV. Barclays PLC increased their target price on Fiserv from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Jefferies Group increased their target price on Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG restated a “hold” rating and set a $101.00 target price on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $112.00 target price on shares of Fiserv in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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