Fiserv, Inc. (NASDAQ:FISV – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on Fiserv (FISV)
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