Guy Chiarello Sells 23,929 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Guy Chiarello also recently made the following trade(s):

• On Wednesday, March 20th, Guy Chiarello sold 63,646 shares of Fiserv stock. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00.
• On Friday, March 15th, Guy Chiarello sold 24,000 shares of Fiserv stock. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00.

Fiserv Stock Performance

Shares of FI opened at $148.63 on Friday. The company has a market capitalization of $87.51 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $151.81 and its 200 day moving average price is $136.35.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. As a group, analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FI shares. Barclays raised their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Robert W. Baird raised their price objective on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Truist Financial increased their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.21.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Piscataqua Savings Bank acquired a new stake in Fiserv in the 4th quarter worth $67,000. GHP Investment Advisors Inc. acquired a new stake in Fiserv in the 4th quarter worth $78,000. Liberty Capital Management Inc. acquired a new stake in Fiserv in the 4th quarter worth $7,071,000. Birch Hill Investment Advisors LLC acquired a new stake in Fiserv in the 4th quarter worth $84,583,000. Finally, Graypoint LLC acquired a new stake in Fiserv in the 4th quarter worth $3,732,000. Institutional investors own 90.98% of the company’s stock.

About Fiserv

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.