Fiserv chief legal officer sells shares worth $403,631

Published 29/05/2025, 01:24
Fiserv chief legal officer sells shares worth $403,631

Fiserv Inc . (NASDAQ:NYSE:FI), a prominent player in the financial services industry with a market capitalization of $88.7 billion, recently disclosed in a regulatory filing that Adam L. Rosman, the company’s Chief Administrative and Legal Officer, sold a total of 2,512 shares of common stock. The transactions, which took place on May 27, 2025, were executed as part of a pre-arranged trading plan for estate and financial planning purposes.

The shares were sold at prices ranging from $160.61 to $161.34, resulting in a total transaction value of approximately $403,631. Following these sales, Rosman retains ownership of 53,385 shares of Fiserv common stock. According to InvestingPro analysis, the stock appears slightly undervalued at current levels, despite falling over 27% in the past six months. The company maintains a GOOD financial health score, though it trades at a P/E ratio of 28.

These transactions were conducted under a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time, helping to avoid any potential conflicts of interest. For deeper insights into Fiserv’s valuation and financial metrics, including 10+ additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Fiserv has been the focus of several analyst updates and company developments. Keefe, Bruyette & Woods (KBW) lowered their price target for Fiserv to $200, maintaining an Outperform rating, due to a slowdown in Clover’s volume growth. Similarly, BTIG reduced their target to $215 while keeping a Buy rating, citing consistent growth projections for Clover that did not meet investor expectations. Mizuho (NYSE:MFG) Securities also adjusted their target to $200, maintaining an Outperform rating, after Fiserv’s management projected an 8% growth in Clover’s Gross Payment Volume for the second quarter, less than anticipated.

William Blair reiterated its Outperform rating on Fiserv, highlighting Clover’s success in the U.S. SMB market and its international expansion. The firm noted Fiserv’s strong distribution network and recent partnership with ADP as positive factors. In corporate governance news, Fiserv’s shareholders approved executive pay and elected ten directors during the annual meeting. Deloitte & Touche LLP was ratified as the company’s independent registered public accounting firm for 2025.

Despite recent stock price target reductions, analysts remain optimistic about Fiserv’s potential. The company continues to focus on expanding its Clover product line and leveraging strategic partnerships for growth. Investors are closely monitoring Fiserv’s performance, particularly its upcoming second-quarter results, to assess the company’s ability to meet revenue targets.

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