Fiserv Inc (NASDAQ:FISV) – Stock analysts at Oppenheimer upped their Q1 2018 earnings per share (EPS) estimates for Fiserv in a research note issued to investors on Thursday. Oppenheimer analyst G. Greene now anticipates that the business services provider will post earnings per share of $1.51 for the quarter, up from their previous estimate of $1.40. Oppenheimer also issued estimates for Fiserv’s Q1 2019 earnings at $1.68 EPS, Q2 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.79 EPS, Q4 2019 earnings at $1.91 EPS and FY2019 earnings at $7.05 EPS.
Several other research analysts have also recently issued reports on the stock. Citigroup increased their price objective on shares of Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday. SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday. Stephens reiterated a “hold” rating and issued a $146.00 price objective on shares of Fiserv in a report on Friday. Credit Suisse Group decreased their price objective on shares of Fiserv from $140.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Cowen reiterated a “hold” rating and issued a $135.00 price objective on shares of Fiserv in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Fiserv currently has an average rating of “Hold” and an average target price of $139.86.
Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. Fiserv’s quarterly revenue was up 5.9% on a year-over-year basis.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Byron C. Vielehr sold 10,000 shares of the firm’s 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 sale, the insider now owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold 49,439 shares of company stock valued at $6,605,353 over the last 90 days. 1.80% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of FISV. Longview Partners Guernsey LTD boosted its holdings in Fiserv by 23.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after buying an additional 1,020,121 shares in the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $35,645,000. Assenagon Asset Management S.A. purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $28,337,000. Ninepoint Partners LP purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $27,056,000. Finally, PGGM Investments purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,026,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.
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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