On October 23, 2024, Doyle Simons, a Director at Fiserv Inc (FI, Financial), executed a sale of 40,000 shares of the company. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 76,180 shares of Fiserv Inc.
Fiserv Inc is a global provider of financial services technology. The company's solutions include payment processing, financial services, risk and compliance, and customer and channel management. This technology is critical for various financial institutions and businesses worldwide.
The shares were sold at a price of $201.97, valuing the transaction at approximately $8,078,800. This sale has adjusted the insider's stake in the company significantly.
Reviewing the insider transaction history for Fiserv Inc, there have been no insider buys and 17 insider sells over the past year, indicating a trend where insiders are choosing to sell shares rather than purchase more.
On the valuation front, Fiserv Inc's shares trading at $201.97 results in a market cap of approximately $115.66 billion. The price-earnings ratio stands at 39.09, which is above both the industry median and the company's historical median, suggesting a higher valuation compared to its peers.
The stock's GF Value is estimated at $144.20, indicating that at the current price, Fiserv Inc is significantly overvalued with a price-to-GF-Value ratio of 1.4.
This sale by the insider might reflect personal financial management decisions rather than a commentary on the company's current valuation or future prospects. Investors often look at insider transactions as one of many indicators to guide their investment decisions in the context of broader market and company-specific analyses.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
