Fiserv, Inc. (NASDAQ:FISV) Short Interest Update

Fiserv, Inc. (NASDAQ:FISV) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 20,126,230 shares, an increase of 20.0% from the December 31st total of 16,773,547 shares. Based on an average trading volume of 9,918,578 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.7% of the company’s stock are sold short. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 9,918,578 shares, the days-to-cover ratio is presently 2.0 days.

Insider Activity

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new stake in Fiserv in the 4th quarter valued at approximately $4,133,000. Ameritas Advisory Services LLC bought a new position in shares of Fiserv in the fourth quarter worth $384,000. Independent Advisor Alliance acquired a new position in shares of Fiserv during the fourth quarter valued at $1,520,000. Legacy Financial Advisors Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $1,449,000. Finally, Madison Asset Management LLC bought a new stake in shares of Fiserv during the fourth quarter valued at about $5,340,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Fiserv to a “hold” rating in a research note on Tuesday, January 27th. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and reduced their price target for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group lifted their target price on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $113.34.

Fiserv Stock Up 2.8%

FISV stock opened at $59.72 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv has a fifty-two week low of $57.79 and a fifty-two week high of $238.59. The firm’s 50-day simple moving average is $66.31 and its 200 day simple moving average is $99.59. The stock has a market cap of $32.46 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.