Fiserv Sees Unusually Large Options Volume (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISV) saw some unusual options trading activity on Monday. Investors purchased 32,947 call options on the stock. This represents an increase of 70% compared to the typical volume of 19,421 call options.

Insider Activity

In related news, Director Lance Fritz acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors have recently added to or reduced their stakes in the stock. Woodstock Corp grew its stake in shares of Fiserv by 20.3% during the 3rd quarter. Woodstock Corp now owns 131,739 shares of the business services provider’s stock worth $5,952,000 after purchasing an additional 22,256 shares during the period. Gilpin Wealth Management LLC lifted its holdings in shares of Fiserv by 22.6% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after acquiring an additional 281 shares during the period. Intelligence Driven Advisers LLC boosted its holdings in Fiserv by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 250 shares during the last quarter. First Heartland Consultants Inc. lifted its position in Fiserv by 16.7% during the third quarter. First Heartland Consultants Inc. now owns 14,675 shares of the business services provider’s stock valued at $663,000 after buying an additional 2,102 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Fiserv by 32.4% in the third quarter. GAMMA Investing LLC now owns 17,060 shares of the business services provider’s stock worth $771,000 after buying an additional 4,177 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FISV stock traded up $0.33 during trading hours on Tuesday, hitting $46.38. 903,843 shares of the company’s stock were exchanged, compared to its average volume of 7,616,001. Fiserv has a fifty-two week low of $43.87 and a fifty-two week high of $128.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $50.02 and a two-hundred day moving average of $52.98. The firm has a market cap of $24.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 4.55 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts forecast that Fiserv will post 7.26 EPS for the current year.

Wall Street Analyst Weigh In

FISV has been the subject of a number of research analyst reports. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a report on Friday, August 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $53.00 target price on shares of Fiserv in a research note on Monday, August 31st. BMO Capital Markets restated a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Susquehanna dropped their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, August 7th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $70.21.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.