Q1 2019 Earnings Forecast for Fiserv, Inc. (FISV) Issued By Wedbush

Fiserv, Inc. (NASDAQ:FISV) – Research analysts at Wedbush boosted their Q1 2019 earnings per share (EPS) estimates for shares of Fiserv in a research note issued to investors on Wednesday. Wedbush analyst M. Katri now expects that the business services provider will post earnings of $1.55 per share for the quarter, up from their prior forecast of $1.52. Wedbush also issued estimates for Fiserv’s Q2 2019 earnings at $1.53 EPS.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. 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. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a research report on Wednesday, September 6th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus price target of $130.41.

Shares of Fiserv (NASDAQ FISV) traded down $0.91 on Thursday, reaching $129.90. The company’s stock had a trading volume of 759,652 shares, compared to its average volume of 864,476. The firm has a market cap of $27,160.00, a P/E ratio of 26.94, a PEG ratio of 2.25 and a beta of 0.82. Fiserv has a 52-week low of $104.51 and a 52-week high of $133.11. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the completion of the sale, the insider now directly owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,563 shares of company stock valued at $5,768,566. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL increased its position in Fiserv by 0.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after buying an additional 20 shares in the last quarter. Burney Co. increased its position in Fiserv by 0.7% in the 2nd quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock valued at $1,030,000 after buying an additional 55 shares in the last quarter. Parallel Advisors LLC increased its position in Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Fiserv by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,492 shares of the business services provider’s stock valued at $1,895,000 after buying an additional 85 shares in the last quarter. Finally, Norinchukin Bank The increased its position in Fiserv by 0.3% in the 2nd quarter. Norinchukin Bank The now owns 29,125 shares of the business services provider’s stock valued at $3,563,000 after buying an additional 87 shares in the last quarter. 88.62% of the stock is owned by institutional investors and hedge funds.

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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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