Fiserv Inc (FISV) Short Interest Up 5.7% in April

Fiserv Inc (NASDAQ:FISV) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 46,841,522 shares, an increase of 5.7% from the April 15th total of 44,322,541 shares. Approximately 12.1% of the company’s stock are short sold. Based on an average daily trading volume, of 4,098,073 shares, the days-to-cover ratio is presently 11.4 days.

Several equities analysts have issued reports on FISV shares. Keefe, Bruyette & Woods started coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $85.21 price target on shares of Fiserv in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus target price of $89.59.

NASDAQ:FISV opened at $86.90 on Friday. Fiserv has a 12 month low of $68.45 and a 12 month high of $91.19. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $34.10 billion, a PE ratio of 28.03, a P/E/G ratio of 2.13 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Fiserv will post 3.46 EPS for the current year.

In related news, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kenneth Best sold 13,280 shares of Fiserv stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total transaction of $1,128,136.00. Following the transaction, the insider now directly owns 38,364 shares in the company, valued at $3,259,021.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,912 shares of company stock worth $11,034,771. 1.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of FISV. Oregon Public Employees Retirement Fund lifted its stake 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 worth $141,000 after buying an additional 10,203,585 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of Fiserv during the first quarter worth $568,121,000. Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter worth $288,462,000. Maverick Capital Ltd. acquired a new stake in shares of Fiserv during the first quarter worth $283,789,000. Finally, Lazard Asset Management LLC lifted its stake in shares of Fiserv by 857.8% during the first quarter. Lazard Asset Management LLC now owns 3,493,843 shares of the business services provider’s stock worth $308,435,000 after buying an additional 3,129,050 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

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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; Internet and 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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