Insider Selling: Fiserv, Inc. (FISV) Director Sells $762,682.96 in Stock
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.
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.
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