Brokers Issue Forecasts for Fiserv Inc’s Q1 2017 Earnings (FISV)
Fiserv Inc (NASDAQ:FISV) – Equities researchers at Wedbush raised their Q1 2017 EPS estimates for shares of Fiserv in a note issued to investors on Monday. Wedbush analyst M. Katri now forecasts that the business services provider will earn $1.19 per share for the quarter, up from their prior forecast of $1.18. Wedbush also issued estimates for Fiserv’s Q3 2017 earnings at $1.32 EPS and FY2017 earnings at $5.11 EPS.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 8th. The business services provider reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/04/20/brokers-issue-forecasts-for-fiserv-incs-q1-2017-earnings-fisv.html.
Other research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt raised their price target on shares of Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target for the company in a research note on Monday, April 3rd. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Tuesday, January 17th. Jefferies Group LLC restated a “buy” rating and set a $127.00 price target on shares of Fiserv in a research note on Thursday, February 9th. Finally, BMO Capital Markets started coverage on shares of Fiserv in a research note on Thursday, January 5th. They set a “market perform” rating and a $109.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Fiserv has an average rating of “Hold” and an average target price of $112.97.
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Shares of Fiserv (NASDAQ:FISV) opened at 116.55 on Thursday. The firm’s 50-day moving average price is $116.43 and its 200 day moving average price is $108.19. Fiserv has a 52 week low of $92.81 and a 52 week high of $118.30. The firm has a market cap of $25.01 billion, a PE ratio of 28.08 and a beta of 0.80.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $117.27, for a total value of $1,993,590.00. Following the completion of the sale, the insider now owns 354,151 shares of the company’s stock, valued at $41,531,287.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lynn S. Mccreary sold 4,309 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $117.02, for a total transaction of $504,239.18. Following the completion of the sale, the insider now directly owns 20,793 shares of the company’s stock, valued at approximately $2,433,196.86. The disclosure for this sale can be found here. Insiders sold 57,309 shares of company stock valued at $6,485,909 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of FISV. Norges Bank bought a new stake in shares of Fiserv during the fourth quarter worth $186,702,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Fiserv during the fourth quarter worth $39,604,000. Asset Management One Co. Ltd. raised its stake in shares of Fiserv by 1,801.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 388,802 shares of the business services provider’s stock worth $41,349,000 after buying an additional 368,354 shares in the last quarter. Morgan Stanley raised its stake in shares of Fiserv by 55.2% in the third quarter. Morgan Stanley now owns 821,388 shares of the business services provider’s stock worth $81,705,000 after buying an additional 292,168 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Fiserv by 10.3% in the third quarter. Capital World Investors now owns 2,857,700 shares of the business services provider’s stock worth $284,255,000 after buying an additional 267,700 shares in the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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