FY2017 EPS Estimates for Fiserv, Inc. Decreased by Analyst (FISV)
Fiserv, Inc. (NASDAQ:FISV) – Equities research analysts at William Blair lowered their FY2017 earnings per share estimates for Fiserv in a report released on Wednesday. William Blair analyst C. Shutler now anticipates that the business services provider will post earnings per share of $5.07 for the year, down from their prior estimate of $5.11. William Blair also issued estimates for Fiserv’s Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.48 EPS, Q4 2018 earnings at $1.54 EPS and FY2018 earnings at $5.66 EPS.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.10%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS.
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Several other equities research analysts have also recently weighed in on FISV. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a report on Monday, July 17th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, July 19th. BMO Capital Markets increased their price objective on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada increased their price objective on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $128.45.
In other news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the transaction, the insider now owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FISV. BlackRock Inc. lifted its stake in shares of Fiserv by 2,669.4% in the 1st quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after purchasing an additional 13,827,530 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Fiserv by 267.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares during the period. Longview Partners Guernsey LTD lifted its stake in shares of Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after purchasing an additional 1,020,121 shares during the period. Voya Investment Management LLC lifted its stake in shares of Fiserv by 116.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after purchasing an additional 896,418 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares during the period. Institutional investors own 87.85% 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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