Short Interest in Fiserv, Inc. (NYSE:FI) Rises By 8.1%

Fiserv, Inc. (NYSE:FI) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 9,240,000 shares, an increase of 8.1% from the September 30th total of 8,550,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.6% of the company’s shares are short sold.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,890 shares of company stock valued at $40,934,217. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the 1st quarter valued at about $25,000. Clean Yield Group lifted its position in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter worth approximately $32,000. Finally, Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FI shares. Susquehanna boosted their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group lifted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Stock Down 0.6 %

Fiserv stock traded down $1.11 during mid-day trading on Wednesday, reaching $199.80. The company’s stock had a trading volume of 2,719,094 shares, compared to its average volume of 2,478,469. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. Fiserv has a 12 month low of $113.11 and a 12 month high of $204.50. The business’s 50 day simple moving average is $182.01 and its 200 day simple moving average is $163.46. The company has a market capitalization of $113.67 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that Fiserv will post 8.77 earnings per share for the current year.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.