Fiserv Inc (NASDAQ:FISV) – Analysts at KeyCorp boosted their Q2 2018 earnings estimates for Fiserv in a research note issued on Sunday. KeyCorp analyst A. Ramnani now forecasts that the business services provider will post earnings of $1.43 per share for the quarter, up from their previous forecast of $1.42. KeyCorp also issued estimates for Fiserv’s Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.53 EPS and FY2018 earnings at $5.81 EPS.
Other equities analysts have also issued research reports about the company. Guggenheim reiterated a “buy” rating and issued a $160.00 target price on shares of Fiserv in a research note on Monday, January 29th. Argus set a $148.00 target price on Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. Barclays reaffirmed a “hold” rating and issued a $141.00 price target on shares of Fiserv in a research report on Friday, January 5th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $136.25.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the transaction, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank lifted its stake in Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares during the period. Huntington National Bank lifted its stake in Fiserv by 3.1% during the third quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after purchasing an additional 6,646 shares during the period. Boothbay Fund Management LLC bought a new position in Fiserv during the third quarter worth about $1,290,000. American National Bank lifted its stake in Fiserv by 2.8% during the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after purchasing an additional 1,115 shares during the period. Finally, Atlanta Capital Management Co. L L C lifted its stake in Fiserv by 2.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 390,692 shares of the business services provider’s stock worth $47,798,000 after purchasing an additional 8,832 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.
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Fiserv Company Profile
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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