Fiserv, Inc. (NYSE:FI) Short Interest Update

Fiserv, Inc. (NYSE:FI) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,720,000 shares, an increase of 31.1% from the March 15th total of 5,890,000 shares. Based on an average daily volume of 2,500,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.3% of the shares of the stock are sold short.

Fiserv Trading Down 1.6 %

Shares of FI stock opened at $151.20 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The firm’s fifty day simple moving average is $151.38 and its 200 day simple moving average is $135.47. The firm has a market capitalization of $89.02 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the business earned $1.91 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv will post 8.62 EPS for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently bought and sold shares of FI. Dynamic Advisor Solutions LLC increased its stake in Fiserv by 5.1% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after acquiring an additional 413 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in Fiserv by 0.5% during the first quarter. Gilman Hill Asset Management LLC now owns 35,268 shares of the business services provider’s stock valued at $5,637,000 after purchasing an additional 170 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Fiserv in the 1st quarter worth approximately $157,000. Central Valley Advisors LLC lifted its position in shares of Fiserv by 6.4% during the 1st quarter. Central Valley Advisors LLC now owns 10,901 shares of the business services provider’s stock worth $1,742,000 after buying an additional 656 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in Fiserv in the 1st quarter valued at $24,658,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Mizuho reiterated a “buy” rating and set a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. Stephens increased their price target on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Tigress Financial boosted their price objective on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, Truist Financial lifted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

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.