FY2017 EPS Estimates for Fiserv, Inc. Lowered by Wedbush (FISV)
Fiserv, Inc. (NASDAQ:FISV) – Analysts at Wedbush decreased their FY2017 EPS estimates for Fiserv in a research note issued to investors on Wednesday. Wedbush analyst M. Katri now anticipates that the business services provider will earn $5.08 per share for the year, down from their previous forecast of $5.09. Wedbush also issued estimates for Fiserv’s Q4 2017 earnings at $1.37 EPS, Q1 2018 earnings at $1.35 EPS, Q2 2018 earnings at $1.37 EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $5.63 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.54 EPS and FY2019 earnings at $6.24 EPS.
A number of other analysts also recently weighed in on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research report on Wednesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research report on Wednesday. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Cowen and Company reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fiserv presently has an average rating of “Hold” and a consensus price target of $128.45.
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Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 43.10% and a net margin of 16.31%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the company. Gardiner Nancy B grew its stake in shares of Fiserv by 6.5% during 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 in the last quarter. Atria Investments LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $201,000. Dupont Capital Management Corp grew 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 worth $1,586,000 after acquiring an additional 826 shares in the last quarter. Great Lakes Advisors LLC grew 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 worth $2,108,000 after acquiring an additional 378 shares in the last quarter. Finally, Tredje AP fonden grew 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 worth $8,446,000 after acquiring an additional 19,050 shares in the last quarter. 87.85% of the stock is owned by institutional investors.
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 shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the transaction, the insider now directly owns 313,835 shares of the company’s stock, valued at $39,926,088.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is 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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