Insider Selling in Fiserv (FISV) Shares Continues

Thursday, September 21, 2017 10:15 PM ET

Insider Selling in Fiserv (FISV) Shares Continues

A SEC filing today indicated a substantial insider sale of Fiserv shares as — Jeffery W Yabuki, Director and Officer — disposed of 17,000 shares in the company having a market value of approximately $2,134,180. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 51,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 68,000 shares and have averaged 34,000 shares per transaction over this time period.

The level of buy-sell trades at Fiserv is close to that of the 19 member peer company average. The Transaction & Payment Services peer group saw 33 buy/sell trades during this period for an average of 1.7 transactions per company. However, trading at Fiserv represents a lower number of shares per transaction. Within the peer group there were 342,217 shares purchased and 7,544,704 shares sold with company insiders having sold 218,257 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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