Fiserv Inc (NASDAQ:FISV) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 33,364,445 shares, a growth of 440.5% from the January 15th total of 6,172,585 shares. Based on an average daily trading volume, of 13,950,732 shares, the short-interest ratio is currently 2.4 days. Currently, 8.6% of the company’s stock are short sold.
Shares of NASDAQ FISV traded down $1.14 during midday trading on Monday, reaching $84.56. 5,934,103 shares of the stock were exchanged, compared to its average volume of 7,433,611. The company has a market cap of $34.15 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. Fiserv has a 52-week low of $68.25 and a 52-week high of $86.29. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 1.01.
Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. Fiserv’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, analysts anticipate that Fiserv will post 3.46 EPS for the current year.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $76.94, for a total value of $3,847,000.00. Following the transaction, the insider now directly owns 471,157 shares of the company’s stock, valued at approximately $36,250,819.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 150,000 shares of company stock worth $11,106,000 over the last ninety days. Insiders own 1.70% of the company’s stock.
Several large investors have recently modified their holdings of FISV. We Are One Seven LLC acquired a new position in Fiserv in the fourth quarter worth approximately $27,000. Destination Wealth Management acquired a new position in Fiserv during the fourth quarter worth $30,000. WESPAC Advisors SoCal LLC acquired a new position in Fiserv during the fourth quarter worth $31,000. Legacy Financial Advisors Inc. increased its stake in shares of Fiserv by 114.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 89.60% of the company’s stock.
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Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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