Fiserv Inc (FISV) Sees Large Growth in Short Interest

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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.

A number of research analysts recently commented on the stock. Credit Suisse Group increased their target price on shares of Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, October 15th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research report on Wednesday, January 16th. Wedbush increased their target price on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 29th. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Stephens raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $76.00 to $90.00 in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.49.

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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