Fiserv Inc (FISV) Forecasted to Post FY2018 Earnings of $6.17 Per Share

Fiserv Inc (NASDAQ:FISV) – Equities researchers at Cantor Fitzgerald boosted their FY2018 earnings estimates for shares of Fiserv in a research report issued on Thursday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will earn $6.17 per share for the year, up from their prior estimate of $5.75. Cantor Fitzgerald has a “Hold” rating and a $126.00 price target on the stock. Cantor Fitzgerald also issued estimates for Fiserv’s FY2019 earnings at $7.00 EPS.

FISV has been the subject of several other reports. BMO Capital Markets boosted their price target on Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research report on Thursday. Stephens reissued a “hold” rating and issued a $146.00 price target on shares of Fiserv in a research report on Friday. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Guggenheim reissued a “buy” rating and issued a $160.00 price target on shares of Fiserv in a research report on Monday, January 29th. Finally, Argus set a $148.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Friday, January 12th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $139.86.

Fiserv (NASDAQ:FISV) opened at $137.46 on Monday. The company has a market capitalization of $28,646.58, a price-to-earnings ratio of 26.85, a PEG ratio of 1.93 and a beta of 0.87. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.01. Fiserv has a 1 year low of $108.85 and a 1 year high of $144.20.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS.

In related news, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. 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.

Large investors have recently made changes to their positions in the stock. Gotham Asset Management LLC purchased a new stake in Fiserv during the 2nd quarter valued at about $373,000. Verition Fund Management LLC grew its stake in Fiserv by 25.0% during the 2nd quarter. Verition Fund Management LLC now owns 3,351 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 671 shares during the last quarter. WINTON GROUP Ltd grew its stake in Fiserv by 23.7% during the 2nd quarter. WINTON GROUP Ltd now owns 140,403 shares of the business services provider’s stock valued at $17,177,000 after purchasing an additional 26,881 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in Fiserv by 23.2% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 2,247 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 423 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Fiserv during the 2nd quarter valued at about $815,000. 88.30% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Fiserv Inc (FISV) Forecasted to Post FY2018 Earnings of $6.17 Per Share” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/12/fiserv-inc-fisv-forecasted-to-post-fy2018-earnings-of-6-17-per-share.html.

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply