Fiserv, Inc. (NYSE:FI) EVP John Gibbons Sells 2,800 Shares

Fiserv, Inc. (NYSE:FI) EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Fiserv Trading Down 1.1 %

Shares of Fiserv stock traded down $1.60 during trading hours on Tuesday, reaching $148.00. 2,556,681 shares of the company’s stock were exchanged, compared to its average volume of 2,476,447. The firm has a market capitalization of $86.59 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a fifty day moving average of $151.79 and a 200-day moving average of $145.36.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FI shares. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. TD Cowen boosted their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. KeyCorp boosted their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Barclays upped their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $164.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter valued at approximately $25,000. West Oak Capital LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $27,000. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter worth $32,000. Halpern Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.