Fiserv, Inc. (NASDAQ:FISV) Short Interest Up 20.0% in January

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FISV shares. Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research report on Wednesday, October 29th. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Susquehanna reiterated a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Seaport Research Partners lowered Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $113.34.

Insider Activity

In other news, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Fiserv in the fourth quarter worth $3,507,063,000. Capital World Investors lifted its position in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Norges Bank acquired a new position in Fiserv during the 2nd quarter worth about $1,252,260,000. Amundi grew its holdings in Fiserv by 27.2% during the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after acquiring an additional 807,916 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Fiserv by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock valued at $469,051,000 after acquiring an additional 131,935 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of NASDAQ:FISV traded up $1.01 on Wednesday, hitting $59.13. 5,947,680 shares of the company were exchanged, compared to its average volume of 9,394,757. The company’s 50 day moving average price is $66.33 and its two-hundred day moving average price is $99.87. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv has a one year low of $57.79 and a one year high of $238.59.

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.