Fiserv Inc (NASDAQ:FISV) – Equities researchers at Wedbush lifted their Q1 2018 earnings per share (EPS) estimates for shares of Fiserv in a research note issued on Monday. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings per share of $1.39 for the quarter, up from their previous estimate of $1.36. Wedbush also issued estimates for Fiserv’s Q2 2018 earnings at $1.41 EPS, Q3 2018 earnings at $1.45 EPS, Q4 2018 earnings at $1.58 EPS, FY2018 earnings at $5.82 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.56 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.76 EPS and FY2019 earnings at $6.52 EPS.
Several other research analysts have also commented on FISV. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird reissued 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. Cowen reaffirmed a “hold” rating and set a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 target price 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 seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $133.72.
Fiserv (NASDAQ:FISV) last released its quarterly 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 during the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,605,353 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of FISV. Janus Henderson Group PLC grew its stake in Fiserv by 267.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in Fiserv by 23.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after purchasing an additional 1,020,121 shares during the last quarter. Voya Investment Management LLC grew its stake in Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after purchasing an additional 896,418 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Fiserv by 232.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after purchasing an additional 314,674 shares during the last quarter. Finally, Ardevora Asset Management LLP purchased a new stake in Fiserv during the 3rd quarter valued at about $35,645,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
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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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