Insider Selling: Fiserv Inc (FISV) Insider Sells 50,000 Shares of Stock
Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $71.20, for a total transaction of $3,560,000.00. Following the completion of the sale, the insider now owns 273,314 shares in the company, valued at approximately $19,459,956.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of FISV stock opened at $77.82 on Monday. The firm has a market cap of $31.01 billion, a PE ratio of 30.40, a PEG ratio of 1.86 and a beta of 0.78. Fiserv Inc has a one year low of $62.76 and a one year high of $82.79. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.01 and a current ratio of 1.01.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. Fiserv had a net margin of 25.00% and a return on equity of 44.31%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. On average, equities analysts forecast that Fiserv Inc will post 3.11 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in FISV. Senator Investment Group LP bought a new stake in shares of Fiserv during the 3rd quarter valued at $148,284,000. Capital International Investors bought a new stake in shares of Fiserv during the 3rd quarter valued at $144,659,000. Mackenzie Financial Corp raised its position in shares of Fiserv by 539.9% during the 3rd quarter. Mackenzie Financial Corp now owns 1,620,229 shares of the business services provider’s stock valued at $133,474,000 after purchasing an additional 1,367,024 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Fiserv by 818.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 364,742 shares of the business services provider’s stock valued at $30,029,000 after purchasing an additional 325,033 shares during the period. Finally, FMR LLC raised its position in shares of Fiserv by 4.0% during the 3rd quarter. FMR LLC now owns 7,709,211 shares of the business services provider’s stock valued at $635,084,000 after purchasing an additional 295,533 shares during the period. Hedge funds and other institutional investors own 87.46% of the company’s stock.
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; 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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