Fiserv, Inc. (NASDAQ:FISV) Short Interest Up 89.3% in December

Fiserv, Inc. (NASDAQ:FISV) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 15,241,013 shares, a growth of 89.3% from the November 30th total of 8,052,396 shares. Based on an average daily volume of 12,290,421 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.8% of the shares of the stock are sold short. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 12,290,421 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

FISV has been the subject of several recent analyst reports. Truist Financial downgraded Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Susquehanna restated a “positive” rating and set a $99.00 price target (down from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, Mizuho dropped their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $119.58.

Fiserv Trading Down 0.6%

Shares of FISV traded down $0.43 during trading hours on Monday, hitting $67.07. 1,832,103 shares of the stock were exchanged, compared to its average volume of 6,152,853. Fiserv has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The business has a 50-day moving average of $73.38 and a 200-day moving average of $119.30. The firm has a market capitalization of $36.46 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, research analysts expect that Fiserv will post 10.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 34,900 shares of company stock worth $2,211,971 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. SageView Advisory Group LLC raised its holdings in shares of Fiserv by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 62 shares during the period. Abacus Wealth Partners LLC boosted its holdings in Fiserv by 1.6% in the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after acquiring an additional 72 shares in the last quarter. ICW Investment Advisors LLC grew its stake in Fiserv by 0.7% in the first quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after acquiring an additional 77 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Fiserv by 2.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after purchasing an additional 77 shares during the period. Finally, Central Bank & Trust Co. lifted its holdings in shares of Fiserv by 1.9% in the 2nd quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock worth $715,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.