©Reuters.
Fiserve Co., Ltd. (NYSE:) (NASDAQ:FISV) Chief Operating Officer Guy Chiarello has recently engaged in significant trading activity, as revealed in the company's latest filings with the Securities and Exchange Commission. On March 20, 2024, Chiarello sold 63,646 shares of his Fiserv common stock, generating over $9.8 million. Trades were made in multiple transactions, with prices ranging from $153.43 to $154.20, and the reported price reflects the weighted average sales price.
The sale occurred on the same day that Chiarello exercised its option to acquire the same number of shares for $52.81 per share, for a total consideration of approximately $3.36 million. Following these transactions, Chiarello's direct ownership of Fiserv common stock decreased to 163,699 shares. Additionally, it was noted that 37,381 shares were held indirectly by the Dennis Chiarello 2021 Trust, benefiting Chiarello's children and of which he serves as trustee.
Investors closely monitor insider transactions, which can give them an idea of management's view of a company's stock price. The reasons for Chiarello's decision to sell were not disclosed in the filing, but the transaction is part of public record and provides transparency into Fiserv executives' trading activities.
Investment Pro Insights
Fiserv Inc. (NASDAQ:FISV)'s COO executes important stock transactions, so investors and analysts are keen to understand the company's financial health and future prospects. According to InvestingPro data, Fiserv boasts a robust market capitalization of $92.3 billion, indicating the company's significant presence in the industry. The company's P/E ratio of 31.16x suggests that investors are willing to pay a premium for earnings, perhaps due to expectations for future growth or the company's stable earnings history.
InvestingPro's data also revealed that the gross profit margin for the past 12 months as of Q4 2023 was 59.83%, highlighting the company's efficiency in managing cost of goods sold and maintaining profitability. Additionally, Fiserv recorded a healthy revenue growth of 7.65% over the same period. This is a positive indicator of the company's ability to increase sales and market share.
For those looking to dig deeper into a company's performance and potential, InvestingPro offers additional insights. Currently, 16 analysts have revised down their earnings forecasts for next fiscal year, which may be a point of interest for investors. Additionally, Fiserv trades at a high earnings multiple and is noted for its low stock price volatility, which could make it attractive to investors looking for stability in their portfolios. It's also worth noting that the company's stock is trading near its 52-week high, reflecting strong investor confidence.
To access InvestingPro's comprehensive set of tips for Fiserv, including those we couldn't include here, we encourage you to explore the full range of available analysis.Use coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. For Fiserv, a total of 10 additional his InvestingPro tips are available, allowing you to dig deeper into company performance and stock price trends.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
