Fiserv Inc (NASDAQ:FISV) Chairman Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the transaction, the chairman now directly owns 291,429 shares in the company, valued at $31,314,046.05. The sale was disclosed in a document filed with the SEC, which is available at this link.
Fiserv stock traded down $1.84 during trading on Friday, hitting $106.32. The company had a trading volume of 735,048 shares, compared to its average volume of 8,531,554. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $108.57. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company’s 50 day simple moving average is $100.37 and its 200-day simple moving average is $90.27. The stock has a market cap of $42.04 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. As a group, analysts forecast that Fiserv Inc will post 3.68 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock worth $2,961,594,000 after purchasing an additional 883,535 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its position in shares of Fiserv by 31,383.3% during the 2nd quarter. Transamerica Financial Advisors Inc. now owns 3,778 shares of the business services provider’s stock worth $345,000 after purchasing an additional 3,766 shares during the last quarter. Empire Life Investments Inc. lifted its position in shares of Fiserv by 7.7% during the 2nd quarter. Empire Life Investments Inc. now owns 85,279 shares of the business services provider’s stock worth $7,774,000 after purchasing an additional 6,123 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Fiserv by 11.4% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,274 shares of the business services provider’s stock worth $390,000 after purchasing an additional 437 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in Fiserv by 581.9% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,164 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 2,700 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on FISV. Northcoast Research raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price target on the stock in a research note on Wednesday, June 26th. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. Oppenheimer raised their price target on shares of Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $97.88.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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