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.
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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