Kevin J. Schultz Sells 3,439 Shares of Fiserv Inc (FISV) Stock

Fiserv Inc (NASDAQ:FISV) insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Fiserv Inc (FISV) traded up $2.06 during trading on Friday, hitting $131.96. The company had a trading volume of 1,762,846 shares, compared to its average volume of 868,206. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv Inc has a 12-month low of $104.51 and a 12-month high of $133.11. The stock has a market capitalization of $27,260.72, a P/E ratio of 26.86, a PEG ratio of 2.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts expect that Fiserv Inc will post 5.08 EPS for the current fiscal year.

FISV has been the topic of a number of recent research reports. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a report on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $130.41.

Several institutional investors have recently bought and sold shares of FISV. Dupont Capital Management Corp boosted its position in Fiserv by 6.8% during the second quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares in the last quarter. Great Lakes Advisors LLC boosted its position in Fiserv by 2.2% during the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 378 shares in the last quarter. Tredje AP fonden boosted its position in Fiserv by 38.1% during the second quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after purchasing an additional 19,050 shares in the last quarter. Toronto Dominion Bank boosted its position in Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in Fiserv by 755.0% during the second quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock worth $12,552,000 after purchasing an additional 90,600 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.

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About Fiserv

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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