Fiserv, Inc. (FISV) to Post Q4 2017 Earnings of $1.39 Per Share, First Analysis Forecasts
Fiserv, Inc. (NASDAQ:FISV) – Equities research analysts at First Analysis raised their Q4 2017 earnings per share estimates for Fiserv in a report issued on Wednesday. First Analysis analyst L. Berlin now expects that the business services provider will post earnings per share of $1.39 for the quarter, up from their previous estimate of $1.34. First Analysis also issued estimates for Fiserv’s Q1 2018 earnings at $1.38 EPS, Q2 2018 earnings at $1.41 EPS and Q3 2018 earnings at $1.47 EPS.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $128.45.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.10%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $1.14 EPS. The business’s revenue was up 1.4% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the second quarter worth $104,000. Acrospire Investment Management LLC purchased a new stake in Fiserv during the second quarter worth $122,000. Trust Co. of Vermont boosted its position in Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after purchasing an additional 453 shares in the last quarter. Finally, Sun Life Financial INC boosted its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the sale, the insider now directly owns 330,835 shares in the company, valued at $41,533,025.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,124 shares of company stock worth $7,133,943. Company insiders own 1.80% of the company’s stock.
Fiserv Company Profile
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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