Guy Chiarello Sells 24,000 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guy Chiarello also recently made the following trade(s):

• On Monday, April 15th, Guy Chiarello sold 23,929 shares of Fiserv stock. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91.
• On Wednesday, March 20th, Guy Chiarello sold 63,646 shares of Fiserv stock. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00.

Fiserv Price Performance

FI stock opened at $149.49 on Thursday. The company has a market capitalization of $87.47 billion, a P/E ratio of 27.94, a PEG ratio of 1.21 and a beta of 0.93. The company has a fifty day moving average price of $150.72 and a 200-day moving average price of $146.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.69 EPS for the current year.

Institutional Trading of Fiserv

Several institutional investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth Partners LLC acquired a new position in Fiserv in the first quarter valued at $434,000. EverSource Wealth Advisors LLC lifted its stake in shares of Fiserv by 21.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,690 shares of the business services provider’s stock valued at $563,000 after purchasing an additional 648 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Fiserv by 3.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 375,652 shares of the business services provider’s stock valued at $59,589,000 after purchasing an additional 12,848 shares in the last quarter. Maxwell Wealth Strategies Inc. grew its stake in Fiserv by 637.2% during the first quarter. Maxwell Wealth Strategies Inc. now owns 12,054 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 10,419 shares during the period. Finally, Alexander Labrunerie & CO. Inc. bought a new stake in Fiserv in the first quarter worth approximately $267,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Wells Fargo & Company initiated coverage on Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 target price on the stock. KeyCorp lifted their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Robert W. Baird upped their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, TD Cowen lifted their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

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.