FY2017 EPS Estimates for Fiserv, Inc. (FISV) Lowered by Analyst
Fiserv, Inc. (NASDAQ:FISV) – Northcoast Research lowered their FY2017 earnings per share estimates for Fiserv in a research report issued on Wednesday. Northcoast Research analyst K. Mehta now forecasts that the business services provider will post earnings of $5.06 per share for the year, down from their previous estimate of $5.09. Northcoast Research also issued estimates for Fiserv’s FY2018 earnings at $5.70 EPS.
FISV has been the subject of a number of other research reports. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Finally, Robert W. Baird reissued a “buy” rating and issued a $136.00 price objective on shares of Fiserv in a research report on Friday, September 8th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $128.45.
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Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.10% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the stock. Gardiner Nancy B raised its stake in Fiserv by 6.5% in the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after acquiring an additional 762 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Fiserv during the 2nd quarter valued at about $201,000. Dupont Capital Management Corp raised its stake in shares of Fiserv by 6.8% during the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock valued at $1,586,000 after buying an additional 826 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Fiserv by 2.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock valued at $2,108,000 after buying an additional 378 shares during the last quarter. Finally, Tredje AP fonden raised its stake in shares of Fiserv by 38.1% during the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock valued at $8,446,000 after buying an additional 19,050 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.
In related news, Director Kim M. Robak sold 6,124 shares of the firm’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 completion of the transaction, the director now 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 accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock valued at $7,133,943 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
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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