Fiserv Target of Unusually High Options Trading (FISV)

Fiserv Inc (NASDAQ:FISV) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 3,293 put options on the stock. This is an increase of 3,226% compared to the average volume of 99 put options.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $73.98, for a total value of $3,699,000.00. Following the transaction, the insider now directly owns 320,014 shares of the company’s stock, valued at $23,674,635.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its position in shares of Fiserv by 19.2% during the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after buying an additional 146 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Fiserv by 114.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock worth $41,000 after buying an additional 295 shares during the last quarter. Daiwa SB Investments Ltd. lifted its position in shares of Fiserv by 9.1% during the 4th quarter. Daiwa SB Investments Ltd. now owns 11,870 shares of the business services provider’s stock worth $872,000 after buying an additional 990 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Fiserv by 5.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,412 shares of the business services provider’s stock worth $1,132,000 after buying an additional 754 shares during the last quarter. Finally, Windward Capital Management Co. CA lifted its position in shares of Fiserv by 0.5% during the 4th quarter. Windward Capital Management Co. CA now owns 271,120 shares of the business services provider’s stock worth $19,925,000 after buying an additional 1,412 shares during the last quarter. Institutional investors and hedge funds own 87.46% of the company’s stock.

Shares of FISV stock opened at $72.57 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81. Fiserv has a fifty-two week low of $62.76 and a fifty-two week high of $82.79. The company has a market capitalization of $29.90 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. As a group, research analysts predict that Fiserv will post 3.13 EPS for the current year.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $92.00 in a research note on Tuesday, December 11th. Finally, Robert W. Baird raised their price target on shares of Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, September 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Fiserv presently has an average rating of “Hold” and a consensus price target of $82.47.

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Fiserv Company Profile

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.

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