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.

About Fiserv

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.

Insider Buying and Selling by Quarter for Fiserv (NASDAQ:FISV)

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