Q2 2018 Earnings Forecast for Fiserv Inc Issued By William Blair (FISV)

Fiserv Inc (NASDAQ:FISV) – Investment analysts at William Blair lowered their Q2 2018 EPS estimates for Fiserv in a research note issued on Wednesday. William Blair analyst C. Shutler now forecasts that the business services provider will post earnings per share of $1.34 for the quarter, down from their prior forecast of $1.38. William Blair also issued estimates for Fiserv’s Q3 2018 earnings at $1.49 EPS and Q4 2018 earnings at $1.51 EPS.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 46.18%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a report on Thursday. Guggenheim restated a “buy” rating and set a $160.00 price objective on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price objective on shares of Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays restated a “hold” rating and set a $141.00 price objective on shares of Fiserv in a report on Friday, January 5th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $139.10.

Shares of Fiserv (NASDAQ FISV) traded up $3.28 during trading on Friday, reaching $136.33. 222,943 shares of the company’s stock were exchanged, compared to its average volume of 1,162,525. The company has a market capitalization of $26,918.95, a P/E ratio of 22.94, a PEG ratio of 1.96 and a beta of 0.87. 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 fifty-two week low of $108.85 and a fifty-two week high of $144.20.

In related news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,439 shares of company stock worth $6,605,353. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently modified their holdings of FISV. Gotham Asset Management LLC purchased a new stake in Fiserv in the 2nd quarter worth approximately $373,000. Bank of Nova Scotia boosted its position in Fiserv by 111.4% in the 2nd quarter. Bank of Nova Scotia now owns 103,963 shares of the business services provider’s stock worth $12,719,000 after purchasing an additional 54,781 shares in the last quarter. Nomura Holdings Inc. boosted its position in Fiserv by 371.9% in the 2nd quarter. Nomura Holdings Inc. now owns 24,667 shares of the business services provider’s stock worth $3,019,000 after purchasing an additional 19,440 shares in the last quarter. Cypress Capital Group purchased a new stake in Fiserv in the 2nd quarter worth approximately $489,000. Finally, Verition Fund Management LLC boosted its position in Fiserv by 25.0% in the 2nd quarter. Verition Fund Management LLC now owns 3,351 shares of the business services provider’s stock worth $410,000 after purchasing an additional 671 shares in the last quarter. 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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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