Jeffery W. Yabuki Sells 12,000 Shares of Fiserv Inc. (FISV) Stock
Fiserv Inc. (NASDAQ:FISV) insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the sale, the insider now directly owns 302,194 shares in the company, valued at approximately $30,959,775.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Fiserv Inc. (NASDAQ:FISV) opened at 104.29 on Monday. Fiserv Inc. has a 52-week low of $85.63 and a 52-week high of $111.51. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 26.16 and a beta of 0.82. The company has a 50 day moving average of $99.83 and a 200 day moving average of $103.55.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Fiserv Inc. will post $4.45 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in FISV. Tower Research Capital LLC TRC boosted its position in shares of Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock valued at $120,000 after buying an additional 947 shares during the period. Global X Management Co. LLC raised its stake in shares of Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock valued at $127,000 after buying an additional 577 shares in the last quarter. TLP Group LLC bought a new stake in shares of Fiserv during the third quarter valued at $124,000. Financial Architects Inc raised its stake in shares of Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock valued at $153,000 after buying an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
A number of research firms have weighed in on FISV. Pacific Crest began coverage on shares of Fiserv in a report on Friday. They set a “sector weight” rating and a $101.00 price objective on the stock. Robert W. Baird raised shares of Fiserv from a “neutral” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Friday, October 28th. JPMorgan Chase & Co. reissued a “hold” rating and set a $112.00 price objective on shares of Fiserv in a report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG lifted their target price on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $107.35.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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