Insider Selling: Jeffery Yabuki Sells 4,000 Shares of Fiserv Stock (FISV)
Fiserv (NASDAQ:FISV) CEO Jeffery Yabuki sold 4,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $101.91, for a total transaction of $407,640.00. Following the completion of the transaction, the chief executive officer now directly owns 147,828 shares in the company, valued at approximately $15,065,151. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FISV has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Fiserv in a research note to investors on Thursday, October 3rd. They now have a $107.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Fiserv in a research note to investors on Wednesday, September 18th. They now have a $120.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Fiserv from $104.00 to $118.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $101.79.
Fiserv (NASDAQ:FISV) traded down 0.42% during mid-day trading on Tuesday, hitting $101.94. The stock had a trading volume of 356,446 shares. Fiserv has a 52 week low of $72.19 and a 52 week high of $103.21. The stock has a 50-day moving average of $100. and a 200-day moving average of $92.90. The company has a market cap of $13.261 billion and a price-to-earnings ratio of 23.61.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, July 30th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Fiserv will post $5.99 EPS for the current fiscal year.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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