Northcoast Research Comments on Fiserv Inc’s FY2018 Earnings (FISV)

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.

A number of other research firms have also recently commented on FISV. Guggenheim reiterated a “buy” rating and set a $160.00 target price on shares of Fiserv in a research note on Monday, January 29th. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Robert W. Baird lifted their target price on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Credit Suisse Group boosted their price objective on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Argus set a $148.00 price objective on Fiserv and gave the company a “buy” rating in a research note on Friday, January 12th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $139.86.

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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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)

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