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Shares of Fiserv (NASDAQ:FISV) were the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 2,820,792 shares, a drop of 19.5% from the April 15th total of 3,505,822 shares, AnalystRatings.NET reports. Based on an average daily volume of 1,683,511 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the company’s shares are sold short.

FISV has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fiserv in a research note on Wednesday, April 30th. They now have a $54.00 price target on the stock, up previously from $50.00. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Fiserv in a research note on Wednesday, April 30th. They now have a $61.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fiserv in a research note on Thursday, April 24th. They now have a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.83.

Fiserv (NASDAQ:FISV) opened at 59.23 on Wednesday. Fiserv has a 1-year low of $42.30 and a 1-year high of $62.27. The stock’s 50-day moving average is $58.50 and its 200-day moving average is $56.99. The company has a market cap of $14.762 billion and a P/E ratio of 22.54.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.67 earnings per share. Fiserv’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Fiserv will post $3.35 earnings per share for the current fiscal year.

Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.

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