Fiserv February Sales Index at 143 with 1.2% Gain; 111 Capital Trims Stake by 56.3%
Fiserv’s February Small Business Index held at 143 as year-over-year sales rose 1.2% despite a 0.8% decline in transactions, with average ticket size up 2.0% year-over-year and 0.3% month-over-month. Meanwhile, 111 Capital sold 9,902 shares of Fiserv, reducing its stake by 56.3% to 7,700 shares.
1. February Small Business Index Results
Fiserv reported a Small Business Index of 143 for February, unchanged month-over-month. Year-over-year sales rose 1.2% despite a 0.8% decline in transactions, with average ticket sizes up 2.0% year-on-year and 0.3% month-on-month.
2. Subsector Performance Highlights
Higher prices lifted Professional Services sales by 4.2%, while Repair and Maintenance, Health and Personal Care Retail, and Accommodations grew 1.5%, 3.0%, and 4.3% respectively year-over-year. Retail sales edged up 0.6% on the year as Food and Beverage, Motor Vehicle Parts, and Health Retail saw modest gains, but full-service restaurants rose only 1.4% and limited-service outlets fell 1.8%. Late-month winter storms drove Rhode Island sales down 9.9% and New York down 2.9%.
3. 111 Capital’s Stake Reduction
In its latest 13F filing, 111 Capital sold 9,902 Fiserv shares, cutting its stake by 56.3% to 7,700 shares. This divestment likely reflects portfolio rebalancing and represents a modest holding given Fiserv’s large market capitalization.