Sen. John Boozman Sells Off Shares of Fiserv, Inc. (NYSE:FI)

Senator John Boozman (R-Arkansas) recently sold shares of Fiserv, Inc. NYSE: FI. In a filing disclosed on October 18th, the Senator disclosed that they had sold between $1,001 and $15,000 in Fiserv stock on September 26th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of iShares Russell 2000 ETF NYSEARCA: IWM on 10/9/2024.
• Sold $1,001 - $15,000 in shares of iShares Core S&P 500 ETF NYSEARCA: IVV on 10/6/2024.
• Sold $1,001 - $15,000 in shares of iShares MSCI EAFE ETF NYSEARCA: EFA on 9/9/2024.
• Sold $1,001 - $15,000 in shares of Vanguard FTSE Developed Markets ETF NYSEARCA: VEA on 9/9/2024.
• Sold $1,001 - $15,000 in shares of SPDR S&P MidCap 400 ETF Trust NYSEARCA: MDY on 9/9/2024.
• Purchased $1,001 - $15,000 in shares of iShares 3-7 Year Treasury Bond ETF NASDAQ: IEI on 9/6/2024.
• Purchased $1,001 - $15,000 in shares of iShares Agency Bond ETF NYSEARCA: AGZ on 9/6/2024.
• Purchased $1,001 - $15,000 in shares of Janus Henderson Mortgage-Backed Securities ETF NYSEARCA: JMBS on 9/6/2024.
• Purchased $1,001 - $15,000 in shares of iShares CMBS ETF NYSEARCA: CMBS on 9/6/2024.
• Purchased $1,001 - $15,000 in shares of iShares 20+ Year Treasury Bond ETF NASDAQ: TLT on 9/6/2024.

Fiserv Price Performance

Shares of FI traded up $2.69 during trading hours on Wednesday, reaching $202.36. The stock had a trading volume of 3,577,138 shares, compared to its average volume of 2,484,786. The stock has a market capitalization of $118.40 billion, a PE ratio of 37.76, a PEG ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $203.00. The company's 50-day moving average is $178.52 and its two-hundred day moving average is $161.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FI. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday. Robert W. Baird raised their target price on Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They issued a "buy" rating and a $200.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on Fiserv from $178.00 to $184.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $199.92.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company's stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock worth $32,855,417 in the last three months. Corporate insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Fiserv

Several large investors have recently modified their holdings of FI. Bessemer Group Inc. grew its position in shares of Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider's stock valued at $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Capital World Investors grew its position in shares of Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider's stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv during the 3rd quarter valued at $172,993,000. Manning & Napier Advisors LLC purchased a new position in shares of Fiserv during the 2nd quarter valued at $105,031,000. Finally, American Century Companies Inc. grew its position in shares of Fiserv by 1,642.5% during the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider's stock valued at $74,556,000 after purchasing an additional 471,531 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.