Insider Selling: Fiserv, Inc. (NYSE:FI) COO Sells $10,599,750.00 in Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fiserv Stock Performance

FI stock opened at $232.47 on Friday. The company has a market capitalization of $132.26 billion, a P/E ratio of 43.13, a PEG ratio of 1.52 and a beta of 0.94. The company has a 50-day simple moving average of $213.81 and a 200 day simple moving average of $198.56. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.99. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the business. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Finally, Campbell Capital Management Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on FI. Royal Bank of Canada boosted 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. Stephens boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Susquehanna boosted their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $239.83.

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.