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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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