Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
FISERV INC (FISV)
Sector: Technology; Industry: Information Technology Services

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; credit card and loan account processing, commercial payments, customer communications, plastics solutions, customer service, and other products; and various network solutions and security, and risk and fraud management solutions. This segment also offers card and print personalization services; investment account processing services for separately managed accounts; and fraud and risk management products and services. The company also offers bank payment and liquidity management solutions, as well as Internet based mortgage software and mortgage lending technology solutions.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2010-04-14 DILLON DONALD F Director Sell 50,000 $52.12 $2,605,965 No
2010-04-09 DILLON DONALD F Director Sell 25,000 $51.72 $1,292,885 No
2010-03-17 DILLON DONALD F Director Sell 75,000 $51.27 $3,845,332 No
2010-03-15 DILLON DONALD F Director Sell 47,294 $50.63 $2,394,273 No
2010-03-12 DILLON DONALD F Director Sell 862 $50.49 $43,523 No
2010-03-10 DILLON DONALD F Director Sell 26,844 $50.42 $1,353,426 No
2010-03-09 DILLON DONALD F Director Sell 25,000 $50.10 $1,252,495 No
2010-03-05 DILLON DONALD F Director Sell 8,500 $49.80 $423,280 No
2010-03-03 DILLON DONALD F Director Sell 66,500 $49.60 $3,298,520 No
2010-03-02 DILLON DONALD F Director Sell 105,000 $48.78 $5,121,785 No
2010-02-25 DILLON DONALD F Director Sell 20,000 $48.00 $960,000 No
2010-02-19 DILLON DONALD F Director Sell 97,500 $47.43 $4,624,685 No
2010-02-17 DILLON DONALD F Director Sell 17,500 $47.20 $826,046 No
2010-02-16 SPRAGUE CHARLES W EVP, GeneralCounsel, Secretary Sell 2,561 $46.03 $117,893 Yes
2010-02-11 DILLON DONALD F Director Sell 25,451 $46.50 $1,183,505 Yes
2010-02-09 LEVY GERALD J Director Sell 1,894 $45.56 $86,288 Yes
2009-10-21 DILLON DONALD F Director Sell 34,141 $49.90 $1,703,680 No
2009-09-21 DILLON DONALD F Director Sell 21,657 $49.79 $1,078,406 No
2009-09-18 DILLON DONALD F Director Sell 1,800 $49.80 $89,640 No
2009-09-01 KEARNEY DANIEL P Director Sell 22,300 $47.78 $1,065,600 Yes
2009-08-28 DILLON DONALD F Director Sell 4,948 $49.81 $246,442 No
2009-08-26 DILLON DONALD F Director Sell 8,654 $49.81 $431,017 No

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