Jeffery W. Yabuki Sells 17,000 Shares of Fiserv, Inc. (NASDAQ:FISV) Stock
Fiserv, Inc. (NASDAQ:FISV) insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the transaction, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Fiserv, Inc. (FISV) traded up 0.38% during mid-day trading on Friday, hitting $126.71. 586,040 shares of the stock were exchanged. Fiserv, Inc. has a one year low of $92.81 and a one year high of $127.26. The company has a market cap of $26.91 billion, a P/E ratio of 31.65 and a beta of 0.80. The company has a 50-day moving average price of $124.02 and a 200-day moving average price of $117.30.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. On average, analysts predict that Fiserv, Inc. will post $5.12 earnings per share for the current fiscal year.
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FISV has been the topic of several research reports. Royal Bank Of Canada restated a “hold” rating and issued a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the company from $131.00 to $136.00 in a report on Monday. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target on the stock in a report on Monday, April 3rd. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group restated a “hold” rating and issued a $116.00 price target on shares of Fiserv in a report on Friday, April 28th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $121.12.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock valued at $2,396,522,000 after buying an additional 255,329 shares in the last quarter. BlackRock Inc. boosted its position in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Fiserv by 2.9% in the first quarter. Alliancebernstein L.P. now owns 3,295,500 shares of the business services provider’s stock valued at $380,004,000 after buying an additional 92,251 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Fiserv by 4.8% in the first quarter. Geode Capital Management LLC now owns 2,374,758 shares of the business services provider’s stock valued at $273,485,000 after buying an additional 109,251 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Fiserv by 0.3% in the first quarter. American Century Companies Inc. now owns 1,409,340 shares of the business services provider’s stock valued at $162,511,000 after buying an additional 4,442 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
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.
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