Insider Selling: Fiserv Inc (NASDAQ:FISV) Chairman Sells 20,000 Shares of Stock
Fiserv Inc (NASDAQ:FISV) Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the completion of the sale, the chairman now directly owns 330,629 shares of the company’s stock, valued at $34,120,912.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeffery W. Yabuki also recently made the following trade(s):
- On Wednesday, May 15th, Jeffery W. Yabuki sold 20,000 shares of Fiserv stock. The stock was sold at an average price of $85.49, for a total transaction of $1,709,800.00.
Shares of NASDAQ:FISV traded down $0.73 on Tuesday, reaching $103.91. The company’s stock had a trading volume of 8,753,009 shares, compared to its average volume of 4,899,595. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $105.01. The company has a market cap of $40.15 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.45 and a beta of 0.78. The business has a 50-day moving average price of $93.62. The company has a current ratio of 4.97, a quick ratio of 1.07 and a debt-to-equity ratio of 5.40.
Several institutional investors have recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. bought a new stake in shares of Fiserv in the 2nd quarter worth about $351,000. Nicolet Bankshares Inc. grew its position in shares of Fiserv by 5.0% in the 2nd quarter. Nicolet Bankshares Inc. now owns 9,263 shares of the business services provider’s stock worth $844,000 after buying an additional 444 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Fiserv by 34.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 216,055 shares of the business services provider’s stock worth $19,696,000 after buying an additional 54,877 shares during the last quarter. Meritage Portfolio Management grew its position in shares of Fiserv by 1.9% in the 2nd quarter. Meritage Portfolio Management now owns 155,661 shares of the business services provider’s stock worth $14,190,000 after buying an additional 2,895 shares during the last quarter. Finally, Berman Capital Advisors LLC grew its position in shares of Fiserv by 44.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 632 shares of the business services provider’s stock worth $57,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.
FISV has been the subject of several research analyst reports. Raymond James set a $29.00 target price on shares of Seacoast Banking Co. of Florida and gave the company a “buy” rating in a research note on Friday, June 21st. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. William Blair reaffirmed a “market perform” rating on shares of Standex Int’l in a research note on Wednesday, May 1st. SunTrust Banks cut shares of Inflarx from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $5.00 in a research note on Wednesday, June 5th. Finally, Wedbush set a $19.00 target price on shares of Symantec and gave the company a “hold” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $94.06.
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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