Fiserv, Inc. (NASDAQ:FISV) experienced a notable decrease in short interest, dropping by 16.8% in January 2024. As of January 30, the total short interest stood at 16,740,295 shares, down from 20,126,230 shares on January 15. This decline represents approximately 3.1% of the company’s total shares outstanding. With an average daily trading volume of 8,535,877 shares, the current days-to-cover ratio is 2.0 days.
During midday trading on Monday, Fiserv shares increased by $0.54, reaching $59.36. The trading volume for the day was significant, with 12,081,829 shares exchanged, surpassing the average volume of 9,615,070 shares. Financial metrics for the company reveal a current ratio of 1.03, a quick ratio of 1.08, and a debt-to-equity ratio of 1.08. Fiserv has a market capitalization of $32.27 billion and a price-to-earnings ratio of 9.36, while its stock has seen a 12-month low of $57.79 and a high of $238.59.
Earnings Performance Exceeds Expectations
Fiserv’s latest earnings report, released on February 10, 2024, showed positive results, with the company reporting earnings per share (EPS) of $1.99 for the quarter. This figure exceeded analysts’ consensus estimates of $1.90 by $0.09. The company generated revenue of $4.90 billion, surpassing the expected $4.78 billion. Fiserv reported a net margin of 16.42% and a return on equity of 18.39%, indicating a year-over-year revenue increase of 0.6%. The previous year’s EPS stood at $2.51.
Looking ahead, Fiserv has set a fiscal year 2026 guidance of $8.000 – $8.300 EPS, while analysts predict an EPS of $10.23 for the current fiscal year.
Insider Trading Activity
In recent insider activity, Adam L. Rosman, an insider at Fiserv, purchased 7,900 shares on December 2, 2023, at an average price of $63.19 per share, totaling $499,201. This acquisition increased Rosman’s holdings by 14.80%, bringing his total ownership to 61,285 shares, valued at approximately $3,872,599.15. Additionally, Paul M. Todd, the Chief Financial Officer, acquired 17,000 shares on December 1, 2023, at an average price of $62.41 per share, with a total transaction value of $1,060,970. This purchase resulted in a 228.10% increase in Todd’s ownership to 24,453 shares, worth around $1,526,111.73.
Corporate insiders own 0.75% of Fiserv’s stock, while institutional investors hold a significant 90.98% stake in the company.
Institutional Investor Activity
Recent movements among institutional investors indicate a shift in Fiserv’s shareholder base. Pinnacle Wealth Management Advisory Group LLC increased its stake in Fiserv by 2.8% in the second quarter, now owning 2,811 shares valued at $485,000. Similarly, Quadcap Wealth Management LLC raised its position by 2.1%, now holding 3,900 shares valued at $672,000 after acquiring additional shares during the period.
Other notable increases include a 4.4% stake increase by Strategic Blueprint LLC, which now owns 1,977 shares valued at $341,000, and Glenview Trust Co, which grew its stake by 0.3% to 32,864 shares valued at $5,666,000.
These developments reflect a broader trend of institutional confidence in Fiserv as it continues to navigate a competitive landscape in financial services technology.
About Fiserv
Founded in 1984 and headquartered in Brookfield, Wisconsin, Fiserv, Inc. is a global leader in financial services technology. The company offers integrated solutions for payments, processing, risk and compliance, customer management, and business optimization. Fiserv serves a diverse clientele, including banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers. Its core offerings encompass account processing systems designed to automate deposit, lending, and transaction processing, alongside digital banking platforms that facilitate mobile and online banking services.
