Fiserv, Inc. (NYSE:FI) Insider Adam L. Rosman Sells 2,512 Shares

Fiserv, Inc. (NYSE:FI - Get Free Report) insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fiserv Price Performance

NYSE:FI traded up $2.78 during mid-day trading on Friday, hitting $162.40. 11,957,533 shares of the company's stock traded hands, compared to its average volume of 3,177,096. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a market cap of $90.04 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm's 50 day simple moving average is $191.13 and its 200 day simple moving average is $207.19.

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 for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the company posted $1.88 EPS. The company's revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. Barclays lowered their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday. Mizuho set a $200.00 target price on Fiserv in a research note on Thursday, May 15th. Finally, Susquehanna dropped their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.84.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. increased its stake in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Geode Capital Management LLC lifted its position in Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC boosted its stake in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after buying an additional 253,544 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.