Q1 2018 EPS Estimates for Fiserv Inc (FISV) Raised by Oppenheimer

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 (FISV) opened at $137.46 on Monday. Fiserv has a 1 year low of $108.85 and a 1 year high of $144.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market cap of $28,650.00, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

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.

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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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