Fiserv, Inc. (FISV) Director Kim M. Robak Sells 6,124 Shares

Fiserv, Inc. (NASDAQ:FISV) Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Fiserv, Inc. (NASDAQ:FISV) opened at 125.17 on Wednesday. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The firm has a market cap of $26.34 billion, a P/E ratio of 30.64 and a beta of 0.82. The firm has a 50 day moving average of $123.36 and a 200-day moving average of $121.49.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current year.

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A number of research analysts recently issued reports on the stock. Barclays PLC restated an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Royal Bank Of Canada boosted their target price on shares of Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. BMO Capital Markets boosted their target price on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Wedbush restated an “outperform” rating and set a $146.25 target price (up from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and an average target price of $127.05.

Several large investors have recently modified their holdings of FISV. BlackRock Inc. boosted its holdings 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 acquiring an additional 13,827,530 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Fiserv by 267.7% in the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after acquiring an additional 1,360,102 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after acquiring an additional 896,418 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after acquiring an additional 518,262 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fiserv by 232.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after acquiring an additional 314,674 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile

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.

Insider Buying and Selling by Quarter for Fiserv (NASDAQ:FISV)

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