FY2017 EPS Estimates for Fiserv, Inc. Decreased by KeyCorp (FISV)
Fiserv, Inc. (NASDAQ:FISV) – Investment analysts at KeyCorp cut their FY2017 earnings per share estimates for Fiserv in a research report issued on Tuesday. KeyCorp analyst A. Ramnani now expects that the business services provider will post earnings of $5.07 per share for the year, down from their previous estimate of $5.13. KeyCorp also issued estimates for Fiserv’s Q4 2017 earnings at $1.36 EPS, Q1 2018 earnings at $1.39 EPS, Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.49 EPS and FY2018 earnings at $5.72 EPS.
Fiserv (NASDAQ:FISV) last posted its earnings results 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 business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $1.14 earnings per share. Fiserv’s quarterly revenue was up 1.4% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/fy2017-eps-estimates-for-fiserv-inc-decreased-by-keycorp-fisv.html.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Robert W. Baird reiterated a “buy” rating and issued a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price target for the stock from $131.00 to $136.00 in a report on Monday, July 17th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and a consensus price target of $128.45.
In other news, Director Kim M. Robak sold 6,124 shares of Fiserv 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 transaction, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the transaction, the insider now owns 269,151 shares in the company, valued at $32,841,805.02. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock worth $7,133,943 over the last 90 days. 1.80% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at $104,000. Parallel Advisors LLC increased its holdings in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 64 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at $122,000. Trust Co. of Vermont increased its holdings in shares of Fiserv by 53.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 453 shares during the period. Finally, Sun Life Financial INC increased its holdings in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,539 shares during the period. Institutional investors and hedge funds 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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