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

Fiserv, Inc. (NYSE:FIGet Free Report) COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fiserv Price Performance

Shares of FI opened at $154.31 on Wednesday. The firm has a market cap of $91.10 billion, a PE ratio of 30.86, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $145.31 and a two-hundred day simple moving average of $130.80. Fiserv, Inc. has a 1-year low of $108.31 and a 1-year high of $154.52.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Institutional Investors Weigh In On Fiserv

Several hedge funds and other institutional investors have recently modified their holdings of FI. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the 3rd quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv in the 4th quarter worth $5,885,279,000. Dodge & Cox purchased a new stake in shares of Fiserv in the 4th quarter worth $4,631,675,000. Capital World Investors purchased a new stake in Fiserv in the 4th quarter worth $2,329,623,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Fiserv in the 4th quarter worth $960,592,000. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Truist Financial boosted their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Barclays boosted their price target on Fiserv from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Mizuho upped their price objective on Fiserv from $150.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research report on Monday, January 8th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.04.

View Our Latest Stock Analysis on Fiserv

Fiserv Company Profile

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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.

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