Q1 2018 Earnings Forecast for Fiserv Inc (FISV) Issued By Wedbush

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) opened at $140.19 on Tuesday. The company has a market capitalization of $28,782.04, a price-to-earnings ratio of 33.30, a PEG ratio of 2.10 and a beta of 0.82. 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 has a 1 year low of $104.51 and a 1 year high of $140.20.

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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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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