Traders Buy High Volume of Call Options on Fiserv (NYSE:FI)

Fiserv, Inc. (NYSE:FIGet Free Report) was the recipient of some unusual options trading on Monday. Stock traders acquired 11,749 call options on the stock. This is an increase of 49% compared to the average daily volume of 7,892 call options.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB increased its holdings in shares of Fiserv by 1.5% in the first quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock valued at $75,291,000 after purchasing an additional 5,104 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Fiserv by 1.1% in the first quarter. Voya Investment Management LLC now owns 839,878 shares of the business services provider’s stock valued at $185,470,000 after acquiring an additional 8,852 shares during the period. Howe & Rusling Inc. boosted its position in shares of Fiserv by 4.1% in the first quarter. Howe & Rusling Inc. now owns 43,024 shares of the business services provider’s stock valued at $9,501,000 after acquiring an additional 1,690 shares during the period. 1248 Management LLC bought a new stake in shares of Fiserv in the first quarter valued at about $63,000. Finally, eCIO Inc. bought a new stake in shares of Fiserv in the first quarter valued at about $258,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Truist Financial initiated coverage on shares of Fiserv in a research report on Monday, June 2nd. They set a “buy” rating and a $181.00 target price on the stock. Barclays lowered their price target on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Tigress Financial raised their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Finally, Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.23.

Get Our Latest Stock Report on Fiserv

Fiserv Stock Performance

Shares of FI opened at $172.78 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv has a twelve month low of $146.46 and a twelve month high of $238.59. The firm’s 50 day moving average price is $175.60 and its two-hundred day moving average price is $201.16. The firm has a market cap of $95.79 billion, a P/E ratio of 30.53, a PEG ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. On average, analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Fiserv Company Profile

(Get Free Report)

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.

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