Fiserv, Inc. (NASDAQ:FISV) Director Kim M. Robak sold 6,124 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Fiserv, Inc. (FISV) opened at 124.76 on Friday. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The firm has a 50-day moving average of $123.36 and a 200-day moving average of $121.49. The company has a market capitalization of $26.26 billion, a P/E ratio of 30.54 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. Fiserv’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. Analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

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A number of analysts recently weighed in on FISV shares. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Wedbush reissued an “outperform” rating and issued a $146.25 price objective (up from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a research report on Wednesday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $127.05.

Institutional investors have recently added to or reduced their stakes in the company. Gardiner Nancy B raised its stake in shares of Fiserv by 6.5% in the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after acquiring an additional 762 shares during the period. British Columbia Investment Management Corp raised its stake in shares of Fiserv by 6.3% in the 1st quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after acquiring an additional 5,016 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Fiserv by 25.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after acquiring an additional 3,304 shares during the period. Atria Investments LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $201,000. Finally, Dupont Capital Management Corp raised its stake in shares of Fiserv by 6.8% in the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock valued at $1,586,000 after acquiring an additional 826 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Insider Buying and Selling by Quarter for Fiserv (NASDAQ:FISV)

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