Guy Chiarello Sells 30,000 Shares of Fiserv, Inc. (NASDAQ:FISV) Stock

Fiserv, Inc. (NASDAQ:FISVGet Rating) COO Guy Chiarello sold 30,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now directly owns 237,053 shares of the company’s stock, valued at approximately $24,911,899.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Guy Chiarello also recently made the following trade(s):

  • On Wednesday, July 27th, Guy Chiarello sold 4,000 shares of Fiserv stock. The stock was sold at an average price of $105.00, for a total value of $420,000.00.
  • On Friday, July 22nd, Guy Chiarello sold 15,000 shares of Fiserv stock. The stock was sold at an average price of $100.00, for a total value of $1,500,000.00.

Fiserv Stock Up 1.8 %

NASDAQ FISV opened at $108.17 on Thursday. The firm has a market cap of $69.18 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Fiserv, Inc. has a one year low of $87.03 and a one year high of $119.86. The stock’s 50 day simple moving average is $96.10 and its 200 day simple moving average is $98.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.01. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.06 billion. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. Fiserv’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently bought and sold shares of FISV. Dodge & Cox grew its position in Fiserv by 38.8% during the 4th quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock worth $3,677,516,000 after acquiring an additional 9,901,409 shares during the last quarter. Norges Bank acquired a new position in Fiserv during the 4th quarter worth $522,697,000. Baupost Group LLC MA acquired a new position in Fiserv during the 4th quarter worth $316,560,000. Veritas Asset Management LLP lifted its holdings in Fiserv by 27.2% during the 1st quarter. Veritas Asset Management LLP now owns 10,021,216 shares of the business services provider’s stock worth $1,016,151,000 after buying an additional 2,144,100 shares in the last quarter. Finally, ValueAct Holdings L.P. lifted its holdings in Fiserv by 19.2% during the 4th quarter. ValueAct Holdings L.P. now owns 13,035,201 shares of the business services provider’s stock worth $1,352,924,000 after buying an additional 2,100,000 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on FISV. TheStreet cut Fiserv from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. Mizuho boosted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on Fiserv to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods cut their price objective on Fiserv from $135.00 to $115.00 in a research report on Monday, July 11th. Finally, Stephens initiated coverage on Fiserv in a research report on Wednesday, April 6th. They set an “equal weight” rating and a $110.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.46.

About Fiserv

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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