Insider Selling: Fiserv Inc (FISV) Insider Sells $2,230,060.00 in Stock

Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Fiserv Inc (NASDAQ:FISV) opened at $130.32 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv Inc has a 52-week low of $104.51 and a 52-week high of $133.36. The company has a market cap of $27,090.00, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts predict that Fiserv Inc will post 5.08 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in FISV. Parallel Advisors LLC boosted its position in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC bought a new position in Fiserv during the second quarter worth $122,000. Sun Life Financial INC boosted its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the period. Coastline Trust Co bought a new position in Fiserv during the third quarter worth $202,000. Finally, Trustmark National Bank Trust Department bought a new position in Fiserv during the second quarter worth $204,000. 88.47% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Robert W. Baird reissued an “outperform” rating and issued a $146.00 target price (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research note on Sunday, October 8th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $130.41.

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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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