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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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