Fiserv COO Guy Chiarello sells $10.6 million in stock

MILWAUKEE—Guy Chiarello, the Chief Operating Officer of Fiserv Inc . (NASDAQ:NYSE:FI), recently sold shares of the company valued at approximately $10.6 million. This transaction took place on February 20, as disclosed in a recent SEC filing. The sale comes as Fiserv, a prominent player in the financial services industry with a market capitalization of $133.5 billion, trades near its 52-week high of $237.13.

The sale involved a total of 45,000 shares of Fiserv’s common stock, executed at a price range between $235.34 and $236.19 per share. Following this transaction, Chiarello now holds 227,711 shares directly. The stock has shown remarkable strength, delivering a 59.76% return over the past year, though InvestingPro analysis suggests the shares are currently trading above their Fair Value.

In addition to the sale, Chiarello also exercised options to acquire 45,000 shares at a price of $41.33 per share, which were then part of the shares sold. These options were initially vested in three equal installments starting in 2016.

The transactions reflect Chiarello’s ongoing management of his holdings in the company, where he plays a pivotal role as COO.

In other recent news, Fiserv announced a new share repurchase program authorized by its Board of Directors, allowing the buyback of 60 million shares of common stock. This decision reflects the company’s confidence in its financial stability, although the timing and volume of repurchases will depend on market conditions. Analysts have shown optimism towards Fiserv’s future, with RBC Capital, Stephens, BMO Capital, and KeyBanc all raising their price targets for the company to $270, citing strong fourth-quarter results and promising guidance for fiscal year 2025. RBC Capital noted Fiserv’s impressive Clover revenue growth of 29% year-over-year and projected organic revenue growth of 10% to 12% for 2025.

Additionally, Fiserv’s margin expansion and earnings per share (EPS) growth have been highlighted as key factors in its positive outlook. Stephens reported a notable 42.9% margin in the fourth quarter, exceeding previous estimates, and emphasized the company’s potential for continued growth. BMO Capital maintained its Outperform rating, recognizing Fiserv’s consistent execution and unique product offerings. KeyBanc also maintained an Overweight rating, praising the company’s revenue visibility and growth opportunities under new leadership. These developments collectively underscore Fiserv’s strong financial performance and strategic direction as it moves forward.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.