Fiserv Inc (FISV) Insider Sells $1,745,700.00 in Stock

Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 15,000 shares of the stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total value of $1,745,700.00. Following the completion of the sale, the insider now owns 339,151 shares of the company’s stock, valued at $39,470,393.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fiserv Inc (NASDAQ:FISV) traded up 1.06% during trading on Thursday, hitting $117.79. 598,919 shares of the stock were exchanged. The stock has a market cap of $25.27 billion, a P/E ratio of 28.38 and a beta of 0.80. Fiserv Inc has a 52 week low of $92.81 and a 52 week high of $118.30. The stock has a 50 day moving average of $116.43 and a 200-day moving average of $108.19.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 8th. The business services provider reported $1.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.16. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. Equities analysts expect that Fiserv Inc will post $5.11 EPS for the current fiscal year.

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

COPYRIGHT VIOLATION NOTICE: “Fiserv Inc (FISV) Insider Sells $1,745,700.00 in Stock” was originally posted by WKRB News and is the property of of WKRB News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at http://www.wkrb13.com/markets/2065557/fiserv-inc-fisv-insider-sells-1745700-00-in-stock.html.

FISV has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their price target on Fiserv from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, February 9th. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $127.00 price target on shares of Fiserv in a report on Thursday, February 9th. Guggenheim initiated coverage on Fiserv in a report on Friday, March 31st. They set a “neutral” rating and a $118.00 price target for the company. Finally, Monness Crespi & Hardt increased their price target on Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $113.37.

A number of large investors have recently made changes to their positions in FISV. TLP Group LLC acquired a new stake in shares of Fiserv during the third quarter worth $124,000. Bessemer Group Inc. increased its position in shares of Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,021 shares in the last quarter. University of Texas Investment Managment Co. purchased a new position in shares of Fiserv during the first quarter valued at about $184,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Fiserv by 35.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the business services provider’s stock valued at $189,000 after buying an additional 500 shares in the last quarter. Finally, Rathbone Brothers plc purchased a new position in shares of Fiserv during the first quarter valued at about $202,000. Institutional investors and hedge funds own 86.46% of the company’s stock.

Fiserv Company Profile

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.

5 Day Chart for NASDAQ:FISV

This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2065557/fiserv-inc-fisv-insider-sells-1745700-00-in-stock.html

Receive News & Ratings for Fiserv Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.