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) 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.
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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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