Monitoring Fiserv Inc. (FISV) after recent insider movements


Fiserv Inc.’s recent filing unveils that its Chief Operating Officer Chiarello Guy unloaded Company’s shares for reported $0.85 million on Feb 01. In the deal valued at $105.94 per share,8,000 shares were sold. As a result of this transaction, Chiarello Guy now holds 188,292 shares worth roughly $ 21.55 million.

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Then, Chiarello Guy sold 1,063 shares, generating $111,647 in total proceeds. Upon selling the shares at $105.03, the Chief Operating Officer now owns 201,623 shares.

Before that, Chiarello Guy sold 2,937 shares. Fiserv Inc. shares valued at $308,473 were divested by the Chief Operating Officer at a price of $105.03 per share. As a result of the transaction, Chiarello Guy now holds 202,686 shares, worth roughly $23.2 million.

Wells Fargo downgraded its Fiserv Inc. [FISV] rating to an Underweight from a an Equal weight in a research note published on Friday, January 09, 2023; the price target was decreased to $101 from $106. PT values the company’s stock at a premium of -13.32 to its Friday closing price. A number of analysts have revised their coverage, including Atlantic Equities’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “a Neutral”. Evercore ISI also remained covering FISV and has increased its forecast on August 11, 2022 with a “an Outperform” recommendation from previously “an In-line” rating. Wells Fargo revised its rating on July 14, 2022. It rated FISV as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of FISV

On Friday, Fiserv Inc. [NASDAQ:FISV] saw its stock fall -1.79% to $114.45. On the same session, the stock had its day’s lowest price of $114.17, but rose to a high of $115.22. Over the last five days, the stock has lost -1.29%. Fiserv Inc. shares have risen nearly 13.24% since the year began. Nevertheless, the stocks have risen 23.60% over the past one year. While a 52-week high of $118.05 was reached on 02/16/23, a 52-week low of $87.03 was recorded on 01/05/23. SMA at 50 days reached $106.03, while 200 days put it at $101.04. A total of 3.88 million shares were traded, compared to the trading of 5.16 million shares in the previous session.

Levels Of Support And Resistance For FISV Stock

The 24-hour chart illustrates a support level at 114.01, which if violated will result in even more drops to 113.56. On the upside, there is a resistance level at 115.06. A further resistance level may holdings at 115.66. The Relative Strength Index (RSI) on the 14-day chart is 58.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.73%. Stochastics %K at 73.79% indicates the stock is a holding.

How much short interest is there in Fiserv Inc.?

A steep rise in short interest was recorded in Fiserv Inc. stocks on Jan 30, 2023, dropping by 40000.0 shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.63 million shares. There was a decline of -0.72%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.99.

Fiserv Inc. [FISV] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 53,232,748 shares, or roughly 8.38% of the outstanding FISV shares. In other words, the investor’s shares have risen by 4,926,365 from its previous 13-F filing of 48306383.0. Additionally, The Vanguard Group, Inc. increased 0.90% of its stake after which the total value it holdings stand at $5,132,854,220, while Dodge & Cox reduced -0.95% of its stake to hold $3.87 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 2,142,390 shares of Fiserv Inc., while SSgA Funds Management, Inc. bought -170,743 shares. At present, Harris Associates LP is holding 19,465,773 shares valued at $2.08 billion. Geode Capital Management LLC owned 12,272,065 shares of the company at the time of its most recent 13F filing, worth $1.31 billion.

According to FactSet, Fiserv Inc.’s share price will average $127.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.98 percent from its previous closing price of $116.54. Analysts expect Fiserv Inc. stock to reach the higher price of $145.00, while the lowest price estimate is $104.00. However, 34 analysts have rated FISV stock as an Overweight in their predictions for 2023. The most recent change occurred on May 18, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $108 price target.


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