Insider Selling: Fiserv, Inc. (FISV) Director Sells 6,124 Shares of Stock
Fiserv, Inc. (NASDAQ:FISV) Director Kim M. Robak sold 6,124 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Fiserv, Inc. (NASDAQ FISV) traded down 0.29% during trading on Tuesday, hitting $125.17. The stock had a trading volume of 557,059 shares. The company’s 50-day moving average is $123.46 and its 200 day moving average is $121.44. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The firm has a market cap of $26.34 billion, a PE ratio of 30.64 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hall Laurie J Trustee grew its holdings in shares of Fiserv by 5.4% during the 2nd quarter. Hall Laurie J Trustee now owns 11,200 shares of the business services provider’s stock worth $1,370,000 after purchasing an additional 570 shares in the last quarter. WFG Advisors LP grew its holdings in shares of Fiserv by 9.4% during the 2nd quarter. WFG Advisors LP now owns 4,292 shares of the business services provider’s stock worth $525,000 after purchasing an additional 367 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Fiserv by 23.8% during the 2nd quarter. Toronto Dominion Bank now owns 72,708 shares of the business services provider’s stock worth $8,894,000 after purchasing an additional 13,985 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $508,000. Finally, Advisory Services Network LLC grew its holdings in shares of Fiserv by 106.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,347 shares of the business services provider’s stock worth $287,000 after purchasing an additional 1,209 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on FISV. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and issued a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. Cowen and Company restated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, August 3rd. Finally, Credit Suisse Group upped their price target on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $127.05.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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