Short Interest in Fiserv Inc (FISV) Increases By 7.4%

Fiserv Inc (NASDAQ:FISV) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 35,820,794 shares, an increase of 7.4% from the January 31st total of 33,364,445 shares. Approximately 9.2% of the shares of the company are short sold. Based on an average trading volume of 5,155,922 shares, the short-interest ratio is currently 6.9 days.

In other news, insider Kenneth Best sold 13,280 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total value of $1,128,136.00. Following the sale, the insider now owns 38,364 shares in the company, valued at $3,259,021.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Denis Oleary sold 13,728 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the completion of the sale, the director now owns 52,014 shares in the company, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,008 shares of company stock worth $13,797,614. 1.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FISV. Oregon Public Employees Retirement Fund lifted its holdings in shares of Fiserv by 7,194.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 10,203,585 shares during the period. Senator Investment Group LP bought a new position in shares of Fiserv during the third quarter valued at $148,284,000. Capital International Investors bought a new position in shares of Fiserv during the third quarter valued at $144,659,000. Mackenzie Financial Corp lifted its holdings in shares of Fiserv by 539.9% during the third quarter. Mackenzie Financial Corp now owns 1,620,229 shares of the business services provider’s stock valued at $133,474,000 after acquiring an additional 1,367,024 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Fiserv by 2.9% during the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock valued at $2,303,573,000 after acquiring an additional 898,122 shares during the period. 88.14% of the stock is owned by institutional investors.

FISV has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Barclays started coverage on shares of Fiserv in a research note on Wednesday, November 14th. They set an “overweight” rating and a $95.00 price target on the stock. Cantor Fitzgerald reiterated a “hold” rating and set a $73.00 price target on shares of Fiserv in a research note on Wednesday, January 16th. Edward Jones upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.50 to $88.00 in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Fiserv has an average rating of “Buy” and a consensus price target of $86.49.

Shares of NASDAQ FISV opened at $86.39 on Friday. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.05 and a beta of 0.82. Fiserv has a 52-week low of $68.43 and a 52-week high of $86.67. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 1.01.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.84. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that Fiserv will post 3.46 earnings per share for the current year.

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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.

Further Reading: Limitations of the P/E Growth ratio

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