Short Interest in Fiserv, Inc. (NASDAQ:FISV) Decreases By 16.1%


Share on StockTwits

Fiserv, Inc. (NASDAQ:FISV) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 12,020,000 shares, a drop of 16.1% from the March 31st total of 14,320,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 4,340,000 shares, the days-to-cover ratio is presently 2.8 days.

In related news, insider Guy Chiarello sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $125.67, for a total transaction of $3,770,100.00. Following the sale, the insider now directly owns 290,874 shares in the company, valued at $36,554,135.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Denis Oleary acquired 9,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The shares were bought at an average price of $110.99 per share, for a total transaction of $1,010,009.00. Following the completion of the acquisition, the director now owns 74,478 shares of the company’s stock, valued at $8,266,313.22. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC boosted its holdings in Fiserv by 3.6% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,344 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 82 shares during the period. Ancora Advisors LLC boosted its holdings in Fiserv by 33.3% in the 4th quarter. Ancora Advisors LLC now owns 400 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 100 shares during the period. Ellis Investment Partners LLC boosted its holdings in Fiserv by 2.0% in the 1st quarter. Ellis Investment Partners LLC now owns 5,080 shares of the business services provider’s stock valued at $605,000 after purchasing an additional 100 shares during the period. QS Investors LLC boosted its holdings in Fiserv by 1.1% in the 4th quarter. QS Investors LLC now owns 9,637 shares of the business services provider’s stock valued at $1,097,000 after purchasing an additional 103 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Fiserv by 5.3% in the 4th quarter. IFP Advisors Inc now owns 2,161 shares of the business services provider’s stock valued at $245,000 after buying an additional 109 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Shares of FISV stock traded down $2.03 during midday trading on Tuesday, hitting $118.04. 8,128,724 shares of the company were exchanged, compared to its average volume of 4,688,555. The firm has a market capitalization of $78.71 billion, a P/E ratio of 89.39, a PEG ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $123.30 and its two-hundred day moving average price is $113.76. Fiserv has a 52 week low of $92.15 and a 52 week high of $127.34.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. Fiserv had a net margin of 6.01% and a return on equity of 8.75%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts expect that Fiserv will post 4.42 EPS for the current year.

A number of equities research analysts recently commented on the stock. Raymond James raised their price objective on shares of Fiserv from $139.00 to $141.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $133.00 price target on the stock. in a research note on Monday, April 19th. Morgan Stanley lifted their price target on shares of Fiserv from $115.00 to $124.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 28th. Sanford C. Bernstein began coverage on shares of Fiserv in a research note on Wednesday, January 27th. They issued an “outperform” rating and a $124.00 price target on the stock. Finally, Truist lifted their price target on shares of Fiserv from $120.00 to $135.00 in a research note on Wednesday, April 28th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $131.27.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.

Featured Article: Discover Your Risk Tolerance

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.