Jeffery W. Yabuki Sells 25,000 Shares of Fiserv Inc (NASDAQ:FISV) Stock
Fiserv Inc (NASDAQ:FISV) CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total transaction of $2,591,750.00. Following the transaction, the chief executive officer now owns 271,229 shares of the company’s stock, valued at approximately $28,118,310.43. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NASDAQ FISV traded up $0.11 during trading hours on Friday, reaching $105.02. The company’s stock had a trading volume of 1,694,439 shares, compared to its average volume of 3,304,168. The stock has a market cap of $41.19 billion, a PE ratio of 33.88, a PEG ratio of 2.28 and a beta of 0.79. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $109.92. The company’s 50-day moving average is $105.49 and its two-hundred day moving average is $93.07. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Fiserv Inc will post 3.83 earnings per share for the current fiscal year.
FISV has been the subject of a number of research analyst reports. Deutsche Bank upgraded shares of Fiserv from a “hold” rating to a “buy” rating and increased their price target for the company from $100.00 to $120.00 in a report on Tuesday, July 30th. Royal Bank of Canada set a $106.00 price target on shares of Fiserv and gave the company a “buy” rating in a report on Friday, July 26th. Atlantic Securities initiated coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price target for the company. Wedbush increased their price target on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating and increased their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. Fiserv has an average rating of “Buy” and a consensus target price of $102.88.
Fiserv Company Profile
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.
Further Reading: What causes a yield curve to invert?
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.