Fiserv COO Guy Chiarello sells shares worth over $3.7 million By Investing.com

Guy Chiarello, the Chief Operating Officer of Fiserv Inc (NYSE:) (NASDAQ:FISV), has sold a portion of his company shares, according to the latest SEC filings. On July 15, 2024, Chiarello disposed of a total of 24,000 shares of Fiserv common stock at an average price of $52.81, amounting to approximately $1.27 million.

In a separate transaction on the same day, he sold an additional 24,000 shares, with the sales executed in multiple trades within the price range of $154.67 to $155.01, resulting in a total value of over $3.7 million. These transactions were made under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell stocks at predetermined times to avoid accusations of insider trading.

The sales have reduced Chiarello’s direct holdings in the company, although he still owns a significant amount of Fiserv stock, both directly and indirectly. As per the filing, a portion of his stock is held by The Denise Chiarello 2021 Trust, where he serves as a trustee, benefiting himself and his children.

Fiserv Inc, headquartered in Milwaukee, Wisconsin, is a global provider of financial services technology. The company’s shares are traded on the NASDAQ under the ticker symbol FISV.

Investors often monitor the buying and selling activities of company insiders as it can provide insights into their perspective on the company’s current valuation and future prospects. However, it’s important to note that trading based on a 10b5-1 plan typically reflects personal financial planning rather than direct knowledge of the company’s operations or future performance.

In other recent news, Fiserv, Inc. has been the focus of several significant developments. New Jersey’s 7th congressional district representative, Thomas Kean Jr., made a notable purchase of Fiserv shares, according to a recent congressional trade report. The company also received positive attention from Wells Fargo, which initiated coverage of Fiserv with an Overweight rating, praising the company’s successful execution of mergers and acquisitions.

Fiserv’s Q1 earnings report showed a significant 19% year-over-year increase in adjusted earnings per share (EPS) to $1.88 and a 20% organic revenue growth. This robust performance led Fiserv to revise its adjusted EPS outlook for the year to a range of $8.60 to $8.75. BMO Capital and Baird responded positively to these developments, revising their price targets for Fiserv to $168 and $186 respectively.

In other company news, Fiserv’s Merchant Solutions Segment saw a 36% organic revenue growth, attributed to the success of the Clover platform. The company also announced the upcoming launch of Cash Flow Central, to be distributed through Clover. These are among the recent developments that highlight Fiserv’s strong performance and positive outlook in the financial technology sector.

InvestingPro Insights

With the recent insider trading activity at Fiserv Inc (NASDAQ:FISV), investors are keen to understand the company’s current financial standing and future outlook. An analysis of Fiserv’s real-time metrics on InvestingPro reveals some compelling data points. The company boasts a robust Market Cap of 92.05B USD, reflecting its significant presence in the financial services technology sector. Its P/E Ratio stands at 29.12, suggesting that the company is trading at a multiple that could be appealing given its growth prospects, especially when considering the near-term earnings growth.

The company’s shares are performing strongly, trading near their 52-week high, with a Price % of 52 Week High at 98.06%. This is an indicator of the market’s confidence in Fiserv’s performance and growth trajectory. Additionally, the company is expected to be profitable this year, which aligns with an InvestingPro Tip highlighting that Fiserv has been profitable over the last twelve months.

For those looking to delve deeper into Fiserv’s financials, InvestingPro offers further insights and additional InvestingPro Tips that could help in making more informed investment decisions. Currently, there are 6 more tips available on InvestingPro’s platform for Fiserv, which can be accessed by using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.

It is important for investors to consider these financial metrics and insights alongside recent insider trading activities to gauge the investment potential of Fiserv. While insider sales can sometimes raise questions about a company’s outlook, the data provided by InvestingPro paints a broader picture of Fiserv’s financial health and future prospects.

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