Fiserv Inc (NYSE:FI) (NASDAQ:FISV) Chief Operating Officer Guy Chiarello has recently engaged in significant trading activity, as revealed by the latest filings with the Securities and Exchange Commission. On March 20, 2024, Chiarello sold 63,646 shares of Fiserv common stock, generating over $9.8 million. The transactions occurred in multiple trades, with prices ranging from $153.43 to $154.20, with the reported price reflecting the weighted average sale price.
The sale came on the same day Chiarello exercised options to acquire the same number of shares at a price of $52.81 per share, amounting to a total of approximately $3.36 million. Following these transactions, Chiarello's direct holdings in Fiserv common stock have decreased to 163,699 shares. Additionally, it was noted that 37,381 shares are held indirectly by The Denise Chiarello 2021 Trust, benefiting Chiarello's children, with him serving as trustee.
Investors closely monitor insider transactions as they provide insights into executives' perspectives on the company's stock value. While the reasons behind Chiarello's decision to sell are not disclosed in the filings, the transactions are part of the public record and provide transparency into the trading activities of Fiserv's executives.
InvestingPro Insights
As the COO of Fiserv Inc (NASDAQ:FISV) executes significant stock transactions, 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 its significant presence in the industry. The company's P/E ratio stands at 31.16, suggesting that investors are willing to pay a premium for its earnings, possibly due to expectations of future growth or the company's stable earnings track record.
The InvestingPro data also reveals a Gross Profit Margin of 59.83% for the last twelve months as of Q4 2023, highlighting the company's efficiency in managing its cost of goods sold and maintaining profitability. Furthermore, Fiserv has experienced a healthy revenue growth of 7.65% over the same period, which is a positive indicator of the company's ability to increase its sales and market share.
For those looking to delve deeper into the company's performance and potential, InvestingPro offers additional insights. There are currently 16 analysts who have revised their earnings predictions downwards for the upcoming period, which could be a point of consideration for investors. Additionally, Fiserv has been highlighted for trading at a high earnings multiple and for its stock's low price volatility, which may appeal to investors seeking stability in their portfolio. It is also noteworthy that the company's stock is trading near its 52-week high, reflecting strong investor confidence.
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