Fiserv, Inc. (NASDAQ:FISV) – Investment analysts at Oppenheimer Holdings lifted their Q4 2017 earnings per share (EPS) estimates for Fiserv in a research note issued on Tuesday. Oppenheimer Holdings analyst G. Greene now forecasts that the business services provider will post earnings per share of $1.35 for the quarter, up from their prior forecast of $1.32. Oppenheimer Holdings also issued estimates for Fiserv’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.50 EPS and FY2018 earnings at $5.67 EPS.

Several other equities analysts have also commented on the company. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a report on Monday, July 17th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, July 19th. BMO Capital Markets increased their price objective on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada increased their price objective on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $128.45.

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Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The firm had revenue of $1.40 billion for 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 company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 313,835 shares in the company, valued at approximately $39,926,088.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock valued at $7,133,943 in the last quarter. Insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fiserv by 3.7% in the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after acquiring an additional 528,274 shares during the last quarter. FMR LLC increased its stake in shares of Fiserv by 0.7% in the second quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after acquiring an additional 47,797 shares during the last quarter. Longview Partners Guernsey LTD increased its stake in shares of Fiserv by 23.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after acquiring an additional 1,020,121 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Fiserv by 7.0% in the second quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after acquiring an additional 232,005 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.

About Fiserv

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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