Chief Financial Officer of Fiserv Paul Todd Buys 228% More Shares

Those following along with Fiserv, Inc. (NASDAQ:FISV) will no doubt be intrigued by the recent purchase of shares by Paul Todd, Chief Financial Officer of the company, who spent a stonking US$1.1m on stock at an average price of US$62.41. That purchase boosted their holding by 228%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

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The Last 12 Months Of Insider Transactions At Fiserv

In the last twelve months, the biggest single sale by an insider was when the Senior Advisor, John Gibbons, sold US$3.2m worth of shares at a price of US$238 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$66.06. So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid US$2.2m for 34.90k shares. But they sold 19.21k shares for US$4.1m. In total, Fiserv insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Fiserv

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Does Fiserv Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Fiserv insiders own 0.7% of the company, currently worth about US$241m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Fiserv Tell Us?

It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Fiserv insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 2 warning signs with Fiserv and understanding these should be part of your investment process.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.