Wedbush Weighs in on Fiserv, Inc.’s Q2 2017 Earnings (FISV)
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.
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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