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


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

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

Large investors have recently bought and sold shares of the stock. Global Endowment Management LP raised its position in Fiserv by 125.0% in the fourth quarter. Global Endowment Management LP now owns 108,737 shares of the business services provider’s stock worth $12,380,000 after purchasing an additional 60,417 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Fiserv by 18.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,304 shares of the business services provider’s stock worth $2,308,000 after purchasing an additional 1,000 shares in the last quarter. Night Owl Capital Management LLC raised its position in Fiserv by 16.3% in the fourth quarter. Night Owl Capital Management LLC now owns 239,634 shares of the business services provider’s stock worth $27,285,000 after purchasing an additional 33,661 shares in the last quarter. Cullinan Associates Inc. increased its holdings in shares of Fiserv by 1.9% during the first quarter. Cullinan Associates Inc. now owns 100,246 shares of the business services provider’s stock worth $11,933,000 after buying an additional 1,854 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Fiserv by 9.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 48,965 shares of the business services provider’s stock worth $5,575,000 after buying an additional 4,128 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ FISV traded down $2.03 during mid-day trading on Tuesday, hitting $118.04. The company had a trading volume of 8,128,724 shares, compared to its average volume of 4,688,555. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day simple moving average is $123.30 and its 200-day simple moving average is $113.76. Fiserv has a 12 month low of $92.15 and a 12 month high of $127.34. The firm has a market cap of $78.71 billion, a P/E ratio of 89.39, a PEG ratio of 1.33 and a beta of 0.85.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, April 27th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Fiserv had a net margin of 6.01% and a return on equity of 8.75%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv will post 4.42 EPS for the current year.

A number of equities analysts have recently weighed in on FISV shares. Truist upped their price target on shares of Fiserv from $120.00 to $135.00 in a research note on Wednesday, April 28th. Raymond James upped their price target on shares of Fiserv from $139.00 to $141.00 and gave the stock an “outperform” rating in a research note on Tuesday. Sanford C. Bernstein initiated 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. Wells Fargo & Company upped their price objective on shares of Fiserv from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Rosenblatt Securities upped their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $131.27.

About Fiserv

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.

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