Fiserv Inc (NASDAQ:FISV) – Equities research analysts at Northcoast Research boosted their FY2018 earnings per share estimates for shares of Fiserv in a report issued on Thursday. Northcoast Research analyst K. Mehta now expects that the business services provider will post earnings of $6.25 per share for the year, up from their prior estimate of $5.70.
Fiserv (NASDAQ:FISV) last released 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 company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations 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 business posted $1.16 EPS.
Shares of 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. Fiserv has a 52 week low of $108.85 and a 52 week high of $144.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the transaction, the insider now directly 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. Insiders sold a total of 49,439 shares of company stock worth $6,605,353 over the last 90 days. 1.80% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Univest Corp of Pennsylvania purchased a new position in Fiserv during the 4th quarter valued at about $202,000. Coastline Trust Co purchased a new position in Fiserv during the 3rd quarter valued at about $202,000. Paragon Capital Management Ltd purchased a new position in Fiserv during the 3rd quarter valued at about $206,000. Associated Banc Corp purchased a new position in Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC purchased a new position in Fiserv during the 4th quarter valued at about $267,000. 88.30% of the stock is owned by institutional investors and hedge funds.
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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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