Insider Selling: Fiserv Inc (FISV) Insider Sells 50,000 Shares of Stock

Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $78.92, for a total value of $3,946,000.00. Following the sale, the insider now directly owns 367,380 shares of the company’s stock, valued at $28,993,629.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of FISV stock opened at $78.53 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $32.01 billion, a PE ratio of 30.99, a P/E/G ratio of 2.20 and a beta of 0.79. Fiserv Inc has a one year low of $60.19 and a one year high of $82.79.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. Fiserv’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in shares of Fiserv by 8.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock valued at $1,738,335,000 after purchasing an additional 1,909,078 shares during the period. Voya Investment Management LLC grew its position in shares of Fiserv by 31.8% in the 2nd quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock valued at $413,781,000 after purchasing an additional 1,346,387 shares during the period. Legal & General Group Plc grew its position in shares of Fiserv by 81.5% in the 1st quarter. Legal & General Group Plc now owns 2,221,231 shares of the business services provider’s stock valued at $158,372,000 after purchasing an additional 997,194 shares during the period. Boston Advisors LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $27,528,000. Finally, Findlay Park Partners LLP grew its position in shares of Fiserv by 27.1% in the 2nd quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock valued at $112,987,000 after purchasing an additional 325,000 shares during the period. 88.30% of the stock is owned by institutional investors.

Several analysts have weighed in on FISV shares. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. SunTrust Banks boosted their price objective on Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Argus set a $90.00 price objective on Fiserv and gave the stock a “buy” rating in a report on Wednesday, September 19th. Robert W. Baird boosted their price objective on Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Finally, JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $78.82.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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

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