Insider Selling: Fiserv, Inc. (NYSE:FI) EVP Sells 5,652 Shares of Stock

Fiserv, Inc. (NYSE:FI - Get Free Report) EVP Andrew Gelb sold 5,652 shares of the company'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 completion of the sale, the executive vice president now directly owns 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fiserv Stock Performance

FI stock traded up $2.78 on Friday, reaching $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,175,467. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a market capitalization of $90.04 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The firm has a fifty day moving average of $191.13 and a two-hundred day moving average of $207.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company posted $1.88 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently modified their holdings of the stock. Vega Investment Solutions acquired a new position in shares of Fiserv in the 4th quarter valued at about $25,000. Activest Wealth Management raised its holdings in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $28,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on FI shares. Tigress Financial boosted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday. Citigroup cut their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen initiated coverage on Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. Wells Fargo & Company upped their price objective on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $221.84.

Fiserv Company Profile

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.