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John Gibbons, Executive Vice President and Head of the Financial Institutions Group at Fiserv Inc . (NASDAQ:NYSE:FI), a prominent financial services company with a market capitalization of $125.8 billion, recently sold a substantial portion of the company’s stock. The sale comes as Fiserv shares have surged nearly 59% over the past year and 37% in the last six months. According to a recent SEC filing, Gibbons sold 13,560 shares of Fiserv common stock on March 3, 2025. The shares were sold at an average price of $238.15, amounting to a total transaction value of approximately $3.2 million.
Following this transaction, Gibbons retains ownership of 27,602 shares. The sale was executed in multiple trades, with prices ranging from $238.00 to $238.16.
In other recent news, Fiserv has authorized a new share repurchase program, allowing the buyback of 60 million shares of its common stock. This decision, which adds to the existing authorization, gives the company flexibility in executing repurchases based on market conditions. RBC Capital Markets, Stephens, BMO Capital Markets, and KeyBanc Capital Markets have all recently raised their price targets for Fiserv to $270, reflecting strong fourth-quarter results and positive future guidance. The Clover platform, a key revenue driver, experienced a 29% increase in the fourth quarter, contributing to the optimistic outlook from these firms. Fiserv’s guidance for fiscal year 2025 includes projected organic revenue growth between 10% to 12% and over 125 basis points of margin expansion. Analysts at RBC Capital have adjusted their fiscal year 2025 revenue and EPS estimates to $20.5 billion and $10.20, respectively. Similarly, Stephens highlighted Fiserv’s robust 23% organic growth in Merchant revenue and expects continued growth supported by new client launches and product adoption. BMO and KeyBanc both emphasized Fiserv’s strategic direction and growth potential under new leadership, with BMO maintaining an Outperform rating and KeyBanc sustaining an Overweight rating.
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