Fiserv Inc (NASDAQ:FISV) CEO Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares in the company, valued at $33,329,550.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
FISV stock opened at $85.06 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83. Fiserv Inc has a 12 month low of $68.43 and a 12 month high of $91.19.
Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities research analysts predict that Fiserv Inc will post 3.45 EPS for the current fiscal year.
A number of research analysts recently commented on FISV shares. Keefe, Bruyette & Woods started coverage on shares of Fiserv in a research report on Monday, April 8th. They set a “market perform” rating and a $101.00 price objective on the stock. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $73.00 price objective on shares of Fiserv in a research report on Wednesday, January 16th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.50 to $88.00 in a research report on Friday, January 18th. Finally, BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $87.29.
Several hedge funds and other institutional investors have recently bought and sold shares of FISV. Martingale Asset Management L P boosted its holdings in shares of Fiserv by 6.5% during the 3rd quarter. Martingale Asset Management L P now owns 463,596 shares of the business services provider’s stock worth $38,192,000 after buying an additional 28,102 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Fiserv by 12.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 128,017 shares of the business services provider’s stock worth $10,547,000 after buying an additional 13,681 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Fiserv by 106.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 12,257 shares of the business services provider’s stock worth $1,010,000 after buying an additional 209,805 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Fiserv by 94.2% during the 3rd quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock worth $1,953,000 after buying an additional 11,500 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Fiserv by 29.4% during the 3rd quarter. LPL Financial LLC now owns 89,754 shares of the business services provider’s stock worth $7,394,000 after buying an additional 20,382 shares during the period. 88.83% of the stock is owned by institutional investors and hedge funds.
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Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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