Fiserv, Inc. (NYSE:FI) COO Guy Chiarello Sells 24,000 Shares

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 15th, Guy Chiarello sold 23,929 shares of Fiserv stock. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91.
• On Wednesday, March 20th, Guy Chiarello sold 63,646 shares of Fiserv stock. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00.

Fiserv Price Performance

Shares of FI opened at $149.44 on Wednesday. The stock has a market capitalization of $87.44 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.20 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a 50 day moving average of $150.81 and a 200-day moving average of $146.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Several large investors have recently made changes to their positions in FI. Kestra Advisory Services LLC boosted its holdings in shares of Fiserv by 76.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 45,095 shares of the business services provider’s stock valued at $5,094,000 after buying an additional 19,514 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Fiserv during the 3rd quarter valued at $3,560,000. Envestnet Asset Management Inc. lifted its holdings in Fiserv by 32.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the business services provider’s stock valued at $125,157,000 after purchasing an additional 274,484 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Fiserv during the 3rd quarter valued at $883,000. Finally, V Square Quantitative Management LLC lifted its holdings in Fiserv by 40.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 6,829 shares of the business services provider’s stock valued at $771,000 after purchasing an additional 1,963 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FI shares. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group increased their price target on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stephens reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Barclays boosted their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company started coverage on Fiserv in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 target price for the company. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Company Profile

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.