Fiserv, Inc. (NYSE:FI) Short Interest Down 5.5% in September

Fiserv, Inc. (NYSE:FI) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 8,790,000 shares, a decline of 5.5% from the August 31st total of 9,300,000 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 2,390,000 shares, the short-interest ratio is currently 3.7 days.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock worth $36,572,057 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in FI. Aveo Capital Partners LLC acquired a new position in shares of Fiserv during the 4th quarter worth $309,000. 9258 Wealth Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $552,000. Scotia Capital Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $1,046,000. Bank of Nova Scotia acquired a new stake in Fiserv in the 4th quarter valued at about $24,446,000. Finally, Tradition Wealth Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $54,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. B. Riley boosted their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. KeyCorp boosted their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.28.

Fiserv Stock Up 0.9 %

Shares of Fiserv stock opened at $181.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a one year low of $109.11 and a one year high of $181.88. The company has a market cap of $106.10 billion, a P/E ratio of 33.89, a PEG ratio of 1.45 and a beta of 0.93. The firm has a fifty day moving average of $169.23 and a two-hundred day moving average of $158.22.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the company posted $1.81 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv will post 8.74 earnings per share for the current year.

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.