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.
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.
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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