Fiserv CFO Thomas J. Hirsch Unloads 20,551 Shares (FISV)
Fiserv (NASDAQ:FISV) CFO Thomas J. Hirsch sold 20,551 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $64.20, for a total value of $1,319,374.20. Following the completion of the transaction, the chief financial officer now directly owns 72,590 shares in the company, valued at approximately $4,660,278. The sale was disclosed in a filing with the SEC, which is available at this link.
FISV has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fiserv in a research note on Wednesday, August 13th. They now have a $67.00 price target on the stock, up previously from $60.00. Separately, analysts at Monness Crespi & Hardt initiated coverage on shares of Fiserv in a research note on Wednesday, August 6th. They set a “buy” rating and a $77.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Fiserv from $64.00 to $71.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.08.
Fiserv (NASDAQ:FISV) traded down 0.13% during mid-day trading on Tuesday, hitting $64.445. 620,489 shares of the company’s stock traded hands. Fiserv has a 1-year low of $46.345 and a 1-year high of $64.81. The stock has a 50-day moving average of $62.26 and a 200-day moving average of $59.59. The company has a market cap of $16.061 billion and a price-to-earnings ratio of 23.44.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, July 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Fiserv will post $3.36 EPS for the current fiscal year.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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