Guy Chiarello Sells 45,000 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fiserv Price Performance

FI opened at $232.47 on Friday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The firm has a market capitalization of $132.26 billion, a PE ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a fifty day moving average price of $213.81 and a two-hundred day moving average price of $198.28.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer lifted their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Tigress Financial lifted their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, KeyCorp lifted their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $239.83.

Hedge Funds Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Fiserv in the 4th quarter worth $29,000. Valley National Advisers Inc. acquired a new position in Fiserv in the 4th quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter worth $31,000. Finally, Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter worth $37,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.