Guy Chiarello Sells 45,000 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) COO Guy Chiarello sold 45,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Fiserv Trading Down 0.8 %

Shares of NYSE:FI opened at $232.47 on Friday. The company has a market cap of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. The stock’s 50-day moving average is $213.81 and its 200-day moving average is $198.28. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in FI. Northwest Investment Counselors LLC acquired a new stake in Fiserv during the third quarter worth about $44,000. Foundations Investment Advisors LLC grew its position in Fiserv by 3.7% during the third quarter. Foundations Investment Advisors LLC now owns 4,660 shares of the business services provider’s stock worth $837,000 after buying an additional 165 shares in the last quarter. Oakworth Capital Inc. grew its position in Fiserv by 45.3% during the third quarter. Oakworth Capital Inc. now owns 507 shares of the business services provider’s stock worth $91,000 after buying an additional 158 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Fiserv by 354.5% during the third quarter. Sequoia Financial Advisors LLC now owns 61,886 shares of the business services provider’s stock worth $11,118,000 after buying an additional 48,270 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Fiserv during the third quarter worth about $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on FI shares. The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Company Profile

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.