Fiserv, Inc. (NASDAQ:FISV) Short Interest Up 20.0% in January
by Doug Wharley · The Cerbat GemFiserv, Inc. (NASDAQ:FISV – Get Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 20,126,230 shares, an increase of 20.0% from the December 31st total of 16,773,547 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average trading volume of 9,918,578 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 9,918,578 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.7% of the company’s stock are short sold.
Insider Buying and Selling
In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Fiserv during the 4th quarter worth approximately $3,507,063,000. Norges Bank purchased a new stake in shares of Fiserv during the second quarter valued at approximately $1,252,260,000. Capital World Investors raised its stake in shares of Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $193,349,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Fiserv in the fourth quarter valued at $174,502,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FISV has been the topic of a number of research reports. UBS Group set a $75.00 price target on Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Stephens set a $75.00 target price on shares of Fiserv in a research report on Friday, January 16th. Zacks Research raised Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a research report on Friday, November 14th. Finally, Mizuho reduced their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.34.
View Our Latest Stock Report on Fiserv
Fiserv Trading Down 7.7%
Fiserv stock traded down $4.82 during trading on Tuesday, reaching $58.12. The company had a trading volume of 17,126,449 shares, compared to its average volume of 8,998,633. Fiserv has a 12-month low of $57.79 and a 12-month high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock’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 $31.59 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.60 and a beta of 0.78.
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.