Fiserv, Inc. (NASDAQ:FISV) – Equities researchers at Wedbush issued their Q2 2017 earnings estimates for shares of Fiserv in a research note issued on Wednesday. Wedbush analyst M. Katri expects that the business services provider will post earnings of $1.25 per share for the quarter. Wedbush has a “Outperform” rating and a $146.25 price objective on the stock. Wedbush also issued estimates for Fiserv’s Q3 2017 earnings at $1.31 EPS and Q4 2017 earnings at $1.32 EPS.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $136.00 in a research report on Monday. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Cantor Fitzgerald restated a “hold” rating and set a $118.00 price objective on shares of Fiserv in a research report on Tuesday, June 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $134.00 price objective (up from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. 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 a consensus target price of $121.12.

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Fiserv (NASDAQ:FISV) opened at 126.23 on Friday. The stock has a market capitalization of $26.81 billion, a PE ratio of 31.53 and a beta of 0.80. The company’s 50-day moving average is $124.02 and its 200 day moving average is $117.30. Fiserv has a 1-year low of $92.81 and a 1-year high of $127.10.

Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. Fiserv’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the sale, the insider now owns 303,151 shares of the company’s stock, valued at $37,912,064.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $120.19, for a total transaction of $240,380.00. Following the sale, the insider now directly owns 337,151 shares of the company’s stock, valued at approximately $40,522,178.69. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock valued at $4,437,850 in the last ninety days. Insiders own 1.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock worth $799,000 after buying an additional 320 shares in the last quarter. Ibex Wealth Advisors raised its stake in shares of Fiserv by 4.9% in the fourth quarter. Ibex Wealth Advisors now owns 16,631 shares of the business services provider’s stock worth $1,822,000 after buying an additional 782 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Fiserv during the fourth quarter worth about $1,674,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Fiserv during the fourth quarter worth about $747,000. Finally, Pensionfund Sabic purchased a new stake in shares of Fiserv during the first quarter worth about $1,499,000. 87.68% of the stock is owned by institutional investors and hedge funds.

About Fiserv

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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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