Fiserv, Inc. (FISV) Insider Sells $2,162,740.00 in Stock

Fiserv, Inc. (NASDAQ:FISV) insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Fiserv, Inc. (NASDAQ FISV) traded up 0.35% on Wednesday, reaching $127.07. 596,833 shares of the company were exchanged. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.81. The stock’s 50-day moving average is $125.65 and its 200 day moving average is $122.89. The firm has a market capitalization of $26.74 billion, a PE ratio of 31.11 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, analysts forecast that Fiserv, Inc. will post $5.10 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the business. Elefante Mark B lifted its position in Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 15 shares during the last quarter. Roberts Glore & Co. Inc. IL lifted its position in Fiserv by 0.6% in the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 20 shares during the last quarter. Nwam LLC lifted its position in Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 35 shares during the last quarter. OLD National Bancorp IN lifted its position in Fiserv by 2.8% in the second quarter. OLD National Bancorp IN now owns 1,912 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 52 shares during the last quarter. Finally, Burney Co. lifted its position in Fiserv by 0.7% in the second quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

A number of research analysts have recently commented on the stock. Barclays PLC reissued an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. BidaskClub raised shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Robert W. Baird reissued an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Monday. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $127.77.

About Fiserv

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.

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

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