Fiserv Inc. (FISV) Insider Sells $1,538,029.50 in Stock
Fiserv Inc. (NASDAQ:FISV) insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fiserv Inc. (NASDAQ:FISV) opened at 99.21 on Monday. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51. The stock’s 50 day moving average is $104.34 and its 200 day moving average is $103.44. The firm has a market capitalization of $21.81 billion, a P/E ratio of 25.19 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.95 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. CCM Investment Advisers LLC increased its stake in Fiserv by 43.1% in the fourth quarter. CCM Investment Advisers LLC now owns 257,767 shares of the company’s stock worth $23,575,000 after buying an additional 77,574 shares in the last quarter. IBM Retirement Fund increased its stake in Fiserv by 0.6% in the fourth quarter. IBM Retirement Fund now owns 58,020 shares of the company’s stock worth $5,307,000 after buying an additional 333 shares in the last quarter. Norges Bank bought a new stake in Fiserv during the fourth quarter worth about $171,564,000. Eqis Capital Management Inc. increased its stake in Fiserv by 17.9% in the first quarter. Eqis Capital Management Inc. now owns 12,025 shares of the company’s stock worth $1,234,000 after buying an additional 1,822 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in Fiserv by 20.3% in the first quarter. DnB Asset Management AS now owns 16,570 shares of the company’s stock worth $1,700,000 after buying an additional 2,800 shares in the last quarter. 87.31% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on FISV. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Barclays PLC boosted their price objective on Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, July 7th. Jefferies Group boosted their price objective on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $101.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and an average price target of $104.00.
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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