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 that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00.

Fiserv Stock Up 0.9 %

NYSE:FI traded up $1.37 on Wednesday, reaching $147.77. 1,420,176 shares of the stock traded hands, compared to its average volume of 2,498,360. The company has a market capitalization of $87.00 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.21 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company’s fifty day simple moving average is $151.56 and its 200 day simple moving average is $135.95.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. Equities analysts predict that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FI shares. Tigress Financial increased their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Monday, January 8th. B. Riley increased their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets increased their target price on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Institutional Trading of Fiserv

A number of large investors have recently made changes to their positions in FI. Hollencrest Capital Management boosted its holdings in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

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.