Fiserv, Inc. (NASDAQ:FISV) – Cantor Fitzgerald dropped their FY2017 EPS estimates for shares of Fiserv in a report released on Wednesday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will post earnings of $5.07 per share for the year, down from their prior forecast of $5.12. Cantor Fitzgerald has a “Hold” rating and a $126.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Fiserv’s FY2018 earnings at $5.75 EPS.

Other research analysts have also issued research reports about the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets lifted their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 target price (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $128.45.

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Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.10% and a net margin of 16.31%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the completion of the transaction, the insider now owns 330,835 shares in the company, valued at approximately $41,533,025.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last three months, insiders sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FISV. Thrivent Financial For Lutherans boosted its position in shares of Fiserv by 5.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,900 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 380 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Fiserv in the 1st quarter worth approximately $304,000. Marshall Wace North America L.P. bought a new stake in Fiserv in the 1st quarter worth approximately $304,000. BlackRock Inc. lifted its position in Fiserv by 2,669.4% in the 1st quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock worth $1,654,185,000 after buying an additional 13,827,530 shares during the last quarter. Finally, OZ Management LP bought a new stake in Fiserv in the 1st quarter worth approximately $4,728,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.

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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