Fiserv Inc (FISV) Sees Large Decline in Short Interest

Fiserv Inc (NASDAQ:FISV) was the target of a significant decrease in short interest during the month of September. As of September 14th, there was short interest totalling 5,007,645 shares, a decrease of 20.3% from the August 31st total of 6,282,414 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,453,931 shares, the short-interest ratio is presently 3.4 days.

NASDAQ FISV opened at $81.63 on Friday. The stock has a market cap of $33.07 billion, a P/E ratio of 32.00, a PEG ratio of 2.27 and a beta of 0.80. Fiserv has a 52-week low of $60.19 and a 52-week high of $82.39. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. sell-side analysts predict that Fiserv will post 3.13 EPS for the current fiscal year.

A number of equities research analysts have recently commented on FISV shares. SunTrust Banks increased their price target on shares of Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. cut shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price target for the company. in a report on Tuesday, August 14th. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Wolfe Research initiated coverage on shares of Fiserv in a report on Tuesday, July 17th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $77.30.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $77.03, for a total value of $3,851,500.00. Following the completion of the sale, the insider now directly owns 517,380 shares of the company’s stock, valued at $39,853,781.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 150,000 shares of company stock valued at $11,769,500 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FISV. Sonora Investment Management LLC acquired a new position in Fiserv during the second quarter worth about $106,000. Fort L.P. acquired a new position in Fiserv during the second quarter worth about $120,000. Braun Bostich & Associates Inc. grew its position in Fiserv by 515.8% during the second quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after buying an additional 1,434 shares during the period. Trust Co. of Vermont grew its position in Fiserv by 100.0% during the first quarter. Trust Co. of Vermont now owns 1,898 shares of the business services provider’s stock worth $135,000 after buying an additional 949 shares during the period. Finally, Twin Tree Management LP acquired a new position in Fiserv during the second quarter worth about $135,000. Institutional investors own 88.31% of the company’s stock.

About Fiserv

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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