Q4 2017 EPS Estimates for Fiserv, Inc. (FISV) Boosted by Oppenheimer Holdings
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.
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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